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$ 2,775,000
Est. payment | /mo
$ 2,775,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 26-4681
Year Built 1976
Source Amarillo Association of REALTORS®
Property Description
Jefferson Square Apartments is a 40-unit multifamily property located at 200 N. Jefferson in Abilene, with convenient access to Highway 277 and Interstate 20. The property is approximately 90% occupied and generates a current monthly rent roll of approximately $30,976, providing immediate cash flow with additional upside through lease-up and rent growth. Current average occupied rents are approximately $860 per unit, well below market averages, creating an opportunity to increase revenue through operational improvements and rent normalization. Strong market fundamentals, population growth, expanding employment opportunities, and continued investment in the Abilene area support long-term demand for workforce housing. Jefferson Square offers investors a stabilized asset with current income.
Location
State TX
County Texas
Area 6000 - S & W Of Randall
Zoning 6000 - All areas in the 6000's
Direction From N 1st turn north on Jefferson property is on the left.
Listed Kirk Chudej • FIMC Commercial Realty
NEARBY SCHOOL & BUSINESS
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