Address: 526 E N 7th St, Abilene, TX 79601, USA
Created date: January 7, 2025
Date last updated: February 4, 2025
- * Potential for further rental income growth
- * Additional land available for further development
- * Located near 3 universities
Property Description
The Stevenson Place Apartments consist of 16 units, all 2-bed/1-bath, across two buildings. The sale includes an additional three vacant lots directly adjacent to the apartments. The apartments underwent renovations and upgrades in 2022 and have consistently shown improved rental income over the past year. This investment offers the opportunity to acquire at an attractive basis, with the potential to recover the current loss-to-lease.