Description
Huge price improvement! Wonderful income producing 6-plex in the City of Abilene. Property appraised for 500K! Improvements include new floor, interior and exterior paint, new mini-splits, two new large water heaters and more! 5 out of 6 units are all rented. When fully occupied, total gross rent is $4025 per month. All utilities are billed back to tenants via Ratio Utility Billing System (RUBS), keeping expenses low. New owners can continue to make improvements and push rents. New owner also has the option of doing a cost segregation study to unlock maximum tax benefits! Property manager will consider staying on and manage for the new owner. All documents available on transaction desk including appraisal, survey, P&L, rent roll, etc.
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Huge price improvement! Wonderful income producing 6-plex in the City of Abilene. Property appraised for 500K! Improvements include new floor, interior and exterior paint, new mini-splits, two new large water heaters and more! 5 out of 6 units are all rented. When fully occupied, total gross rent is $4025 per month. All utilities are billed back to tenants via Ratio Utility Billing System (RUBS), keeping expenses low. New owners can continue to make improvements and push rents. New owner also has the option of doing a cost segregation study to unlock maximum tax benefits! Property manager will consider staying on and manage for the new owner. All documents available on transaction desk including appraisal, survey, P&L, rent roll, etc.
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