multi-tenant investment opportunity with commercial upside, located at the corner of N 1st Street and Victoria Street in Abilene, Texas. Priced at $350,000 and currently generating approximately $3,800 per month in rental income, this three building package offers immediate cash flow with clear value add potential.
The first parcel features direct N 1st Street frontage and was formerly operated as a used car dealership, now vacant and ready for a new owner’s vision. The front building offers an ideal footprint for continuing automotive use or repositioning into another commercial or retail concept. At the rear of this structure is an occupied one-bedroom residential unit, providing stable income while you plan your next move for the commercial space.
The second parcel, on the neighboring lot, contains two additional income producing buildings. One is a rented three bedroom, one bath single family home with a backyard, appealing to long term residential tenants. The other is a converted detached garage that now includes an upstairs one-bedroom apartment and a finished downstairs area currently used by the tenant as a “man cave,” creating a unique live work or lifestyle rental configuration.
With a mix of residential units and a flexible commercial building on a visible corner location, this package is ideal for an investor seeking affordable entry into multi tenant ownership, with room to enhance rents, reconfigure the commercial space, or further improve the existing structures.
Property Details
- Interior
- High Speed Internet, Cable Tv, Vaulted Ceilings
- Cooling
- 1
- Heating
- Electric
- Cooling Features
- Wall Units, Wall Window Units
- Bedrooms
- 7
- Bathrooms
- 4.0
- Full Baths
- 3
- Half Baths
- 2
- Acres
- 0.0
- Lot Size (sqft)
- 0.299
- Parking Features
- Asphalt, Driveway, Garage
- Parking
- 1
- Parking Spaces
- 4.0
- Parking Type
- Driveway
- Parking Garage Spaces
- 2.0
- Parking Carport Spaces
- 0.0
- Property Type
- Multi-Family
- Year Built
- 1944
- Foundation
- Pillar Post Pier, Slab
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Sewer Available, Water Available, Cable Available
- Appliances
- Electric Oven, Microwave, Refrigerator
- Subdivision
- Ot Abilene
- Community Features
- Sidewalks
- School District
- Abilene ISD
- Elementary School
- Eugene Purcell
- Middle School
- Craig
- High School
- Abilene
- County
- Taylor
- Region
- Abilene
- Days on Market (Cumulative)
- 69
- Taxes Annual
- $3,102
Location
Legal
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Provided By
Listed by Josh Rader (#0661281)
Listing Office: McCullar Properties Group LLC (#MCPAB)
