Project Description

Asking Price


709 Grape St. Abilene, TX 79601

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709 Grape St. Abilene, TX 79601

Asking Price: $109,900

Property Description

Great Investment Property!!!

This Multi Family Property in Abilene contains 3, 2 Bedroom 2 Bath units and 1, 3 bedroom 2 bath unit located in Original Town North! All Four units of this this Four-Plex are currently leased and have three of the leases carrying into 2021! The total Cash flow of this property is $2,400 a month!!

The Numbers
Estimated After-Repair-Value (ARV) $210,000
Asking Price ($109,900)
Estimated Repairs ($50,000)
Gross Profit Potential $60,000
Current Rent $2,400
Estimated Cap Rate 20%
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Property Photos

Facts and Features
Type Multi Family Residence (Four-Plex) Garage N/A
Year Built 1927 Roof Type Composition
Home Square Feet 3,712* Foundation Type Pier & Beam
Lot Size 0.1527 acre; 6650 sq ft Exterior Material Stucco
Bedrooms 9 Number of Levels 2
Bathrooms 8
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DISCLAIMER: House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the property above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Investidom and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Investidom may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.