NOT LISTED FOR SALE
23 Beds
11 Baths
7,432 Sq Ft
0.32 Acres

Last Sold September 12, 2022

8 Days on Market

Highlights

  • 0.32 Acre Lot
  • Side by Side Parking
  • Luxury Vinyl Plank Tile Flooring
  • Granite Countertops
  • Awning
  • Central Heating and Cooling System

About This Home

As of September 2022

We are proud to present this exclusive opportunity of The Soda Flats, a 11-unit stabilized cash-flowing asset in an area of Abilene seeing new growth and gentrification. This property sits in the heart of Abilene. Fully stabilized with all major mechanicals, new plumbing, interior renovations with luxury vinyl plank, neutral paint tones, new appliances, granite countertops, interior light fixtures, exterior paint, parking lot overlay, updated landscaping, bike racks, trash cans and a new fence.
The Soda Flats sits just south of Hwy 20, less than 10 minutes from ACU, the Abilene Zoo, and Abilene Regional Airport.

Investment Highlights:

Fully Renovated
100% Occupied

*Buyer is responsible for all due diligence including confirming unit square footages*

Last Agent to Sell the Property

Meliea Ware

Champions DFW Commercial Realt License #0641255 Listed on: 08/23/2022

Last Buyer's Agent

Destry Gideon

Coldwell Banker Apex, REALTORS License #0516305

Coldwell Banker Apex, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.32

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Awning
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 11 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 15 Parking Spaces
  • Side by Side Parking
  • Driveway
  • On-Street Parking
  • Parking Lot

Schools

  • Bowie Elementary School
  • Madison Middle School
  • Abilene High School

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 11 Units
  • 7,432 Sq Ft Building
  • Ot Abilene Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 51
  • Assessor Parcel Number 33338
  • $6,516 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: Two
  • Security: Carbon Monoxide Detector(s), Fire Alarm
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 75160
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 135.89882
  • Special Features: None
  • Year Built: 1963

Interior Features

  • Fireplace Features: None
  • Interior Amenities: Granite Counters
  • Flooring: Luxury Vinyl Plank
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 11
  • Total Bedrooms: 23

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Shingle
  • Construction Materials: Frame
  • Patio And Porch Features: Awning(s)

Garage/Parking

  • Cooling System: Central Air
  • Number Of Parking Spaces: 15
  • Parking Features: Asphalt, On Site, On Street, Parking Lot, Side By Side
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central
  • Utilities: City Sewer

Condo/Co-op/Association

  • Complex Name: Soda Flats
  • Association Type: None

Schools

  • School District: Abilene ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.3210
  • Parcel Number: 33338
  • Lot Size Acres: 0.3210
  • Lot Size Sq Ft: 13982.7600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1963
  • Units Total: 11

Multi Family

  • Gross Annual Expenses: 30840.00
  • Gross Annual Income: 106000.00
  • Insurance Expense: 5495
  • Tenancy: Over 9 Months
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 6516
  • TaxBlock: 51
  • Tax Lot: 5

MLS Schools

  • Middle School Name: Madison
  • Elementary School Name: Bowie
  • High School Name: Abilene
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2022 09/12/22 Sold -- -- --
08/31/2022 08/31/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $1,100,000 -4.3% $148 / Sq Ft
08/23/2022 08/23/22 For Sale $1,150,000 -- $155 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $14,478 $691,000 $9,975 $681,025
2023 $14,478 $1,002,000 $9,975 $992,025
2022 $6,195 $244,000 $9,975 $234,025
2021 $6,582 $244,000 $9,975 $234,025
2020 $5,568 $203,000 $9,975 $193,025
2019 $4,599 $178,000 $9,975 $168,025
2018 $4,586 $178,000 $9,975 $168,025
2017 $4,474 $180,000 $9,975 $170,025
2016 $4,424 $178,000 $9,975 $168,025
2015 $3,635 $150,000 $9,975 $140,025
2014 $3,635 $150,000 $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: 20147645

North Texas Real Estate Information Systems (NTREIS)

APN: 70100035900

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