1202 4Th StAbilene, TX 79602

Property Details for 1202 4Th St

Lot size

0.32 AC

Property size (Sq ft)

7,432 SF

Property type

Apartment buildings

Description

This 11-unit apartment building, located at 1202 S 4th St, Abilene, TX 79602, presents a compelling investment opportunity. The Class B property boasts 7,432 square feet on a 0.32-acre lot (APN 33338) and features two stories. Completely renovated in 2022, the property currently enjoys a 91% occupancy rate, generating significant cash flow. Each of the 11 units includes luxury vinyl plank flooring, granite countertops, new appliances, and contemporary fixtures. The asking price is $1,249,900, representing $168.18 per square foot and $113,627.27 per unit, with a projected cap rate of 6.15%. The property benefits from its strategic location less than a mile from the new Downtown Convention Center, placing it within easy reach of Abilene's cultural, dining, and business districts. Recent upgrades include updated landscaping, a new parking lot overlay, fresh exterior paint, and the addition of bike racks, trash cans, and a new fence. The property's proximity to Abilene Christian University, the DoubleTree Downtown Convention Center, the Abilene Zoo, and Abilene Regional Airport further enhances its appeal and potential for future growth. This turnkey opportunity offers immediate cash flow and significant potential for appreciation due to the ongoing revitalization of Downtown Abilene.

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4457

Longitude

-99.7365

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