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About the Listing MCPAB - 0661281
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.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 3 Full / 2 Half
- Appliances: Electric Oven, Microwave, Refrigerator
- Air Cond: Wall Unit(s),Wall/Window Unit(s)
- Heating: Electric
- Fireplaces:
- Floor: Carpet,Combination,Hardwood,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,High Speed Internet Available,Vaulted Ceiling(s)
- Water:
Exterior Details
- Lot Description: Less Than .5 Acre (not Zero)
- Garage Capacity: 2 car
- Parking Spaces: 4
- Roof: Shingle
- Others: Preowned
- Sewer:
- Parking Features: Asphalt,Driveway,Garage
Financial Details
- Tax Amount: $3,102
- Taxes w/Assessments: N/A
- Tax/Property ID: 61406
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
117 Victoria St Abilene, TX 79603
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