NOT LISTED FOR SALE

Estimated Value: $252,000 - $1,587,000

36 Beds
24 Baths
1,443 Sq Ft
$783/Sq Ft Est. Value

Last Sold November 14, 2024

Current estimated payment $7,051/month

43 Days on Market

Highlights

  • 0.8 Acre Lot
  • Central Heating and Cooling System
  • High Speed Internet
  • Ceramic Tile Flooring

About This Home

As of November 2024

Introducing an exceptional investment opportunity: a meticulously crafted 12 unit rental complex nestled in a prime location close to Abilene Christian University, Hardin Simmons University, and Hendrick Hospital. Each unit boasts a spacious layout featuring three bedrooms and two bathrooms, providing ample space and comfort for residents. This property is designed to appeal to both students and professionals seeking convenient access to nearby educational institutions and healthcare facilities. Whether it's for students attending universities or medical professionals working at Hendrick Hospital, this complex offers an ideal living solution. The strategic location ensures high demand and consistent occupancy rates, making it an attractive proposition for investors seeking stable returns. Don't miss out on this opportunity to capitalize on the thriving rental market in this desirable area. In process of replat.

Last Agent to Sell the Property

Darby Grimes

Sendero Properties, LLC Brokerage Phone: 325-267-3100 License #0554984 Listed on: 08/20/2024

Last Buyer's Agent

Darby Grimes

Sendero Properties, LLC Brokerage Phone: 325-267-3100 License #0554984 Listed on: 08/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 0.8

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 24 Full Bathrooms

Parking

  • 12 Parking Spaces
  • Common or Shared Parking

Schools

  • Taylor Elementary School
  • Craig Middle School
  • Abilene High School

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District
  • High Speed Internet

Additional Features

  • 2-Story Property
  • 0.8 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 1 / A
  • Assessor Parcel Number 105232
  • $36,205 per year unexempt tax

Community Details

Overview

  • 12 Buildings
  • 12 Units
  • 8,658 Sq Ft Building
  • The Villas Of University Hills Subdivision

Amenities

  • Community Mailbox

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Single Units
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 176.13768
  • Attribution Contact: 325-267-3100
  • Special Features: None
  • Year Built: 2003

Interior Features

  • Interior Amenities: High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Dishwasher, Electric Range, Microwave

Beds/Baths

  • Full Bathrooms: 24
  • Total Bedrooms: 36

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Siding

Garage/Parking

  • Cooling System: Central Air
  • Number Of Parking Spaces: 12
  • Parking Features: Common
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central
  • Utilities: City Sewer, Community Mailbox

Condo/Co-op/Association

  • Complex Name: Griffith
  • Association Type: None

Schools

  • School District: Abilene ISD
  • Elementary School: Taylor

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.8000
  • Parcel Number: 105232
  • Lot Size Acres: 0.8000
  • Lot Size Sq Ft: 34848.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2003
  • Units Total: 12

Tax Info

  • Unexempt Taxes: 36205
  • TaxBlock: A
  • Tax Lot: 1

Multi Family

  • Unit Count: 1

MLS Schools

  • Middle School Name: Craig
  • Elementary School Name: Taylor
  • High School Name: Abilene

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2012
Sold by
Blake Roger and Blake Pamela
Bought by
Jeff Davis Investments Llc
Current Estimated Value
$1,130,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,000
Outstanding Balance
$114,749
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,015,311
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jeff Davis Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeff Davis Investments Llc $848,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2024 11/14/24 Sold -- -- --
11/14/2024 11/14/24 Price Changed $1,525,000 +69.4% $1,057 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $900,000 -- $624 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,603 $1,523,809 $229,980 $1,293,829
2023 $37,603 $1,570,637 $104,537 $1,466,100
2022 $36,362 $1,432,180 $104,537 $1,327,643
2021 $36,057 $1,336,733 $104,537 $1,232,196
2020 $33,821 $1,232,945 $104,537 $1,128,408
2019 $31,456 $1,208,297 $104,537 $1,103,760
2018 $30,876 $1,198,351 $104,537 $1,093,814
2017 $29,569 $1,189,601 $104,537 $1,085,064
2016 $27,270 $1,097,101 $104,537 $992,564
2015 $26,222 $1,079,154 $104,537 $974,617
2014 $26,222 $1,082,003 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20707643

North Texas Real Estate Information Systems (NTREIS)

APN: 105232