$2,640,000
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9.71 Acres Lot
SOLD DATE : 04/27/2023
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Elmwood West
MLS Listing ID 20235604
Sold Date 04/27/23
HOA Y/N None
Total Fin. Sqft 46987
Year Built 1950
Annual Tax Amount $10,536
Lot Size 9.707 Acres
Acres 9.7073
Property Description
PROPERTY SLATED TO CLOSE 4-17-23 136-unit value add multifamily property in a stable, centrally-located neighborhood. This property needs investors to address windows, HVAC, & interiors which then requires investors to develop a plan for water & electric service to accomdate upgrades to make these apartments marketable. Complex currently at 9% occupancy and those units lease for $0.81 per sf. Average area rents are $1.05 per sf. Full offering memorandum can be seen at tm.barnetthill.com.
Location
State TX
County Taylor
Direction on S 7th west of Leggett
Interior
Interior Features Other
Heating Natural Gas, Wall Furnace, Other, None
Cooling Electric, Window Unit(s), None
Appliance None
Heat Source Natural Gas, Wall Furnace, Other, None
Exterior
Utilities Available Alley, MUD Sewer, MUD Water
Roof Type Composition
Parking Type Covered
Total Parking Spaces 200
Garage No
Building
Lot Description Acreage
Story Two
Foundation Pillar/Post/Pier
Structure Type Brick
Schools
Elementary Schools Bonham
Middle Schools Craig
High Schools Abilene
School District Abilene Isd
Others
Ownership Joseph M Hantman Revocable Trust
Financing Cash
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Bought with Arthur Pongtaratik • Coldwell Banker Realty Frisco
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "