Abilene, TX 79605 616 Grand Avenue
$189,900
24 more
Presented By: Gary Bone with KW SYNERGY*; 325-692-4488
Beds • 4
Baths • 3
SQFT • 2,192
Home Details
This well maintained triplex offers a fantastic investment opportunity in a prime location near the historic Sayles Blvd. neighborhood. The property features three units, each with current tenants in place. One unit is a 1 bedroom, 1 bath leased through February 2026 another is a 2 bedroom, 1 bath with a lease in place through July and the efficiency unit is leased through June 2025. Currently, the monthly income is $2,050, but there is room for even more based on current rental market value. Even as is, this triplex provides immediate cash flow, making it an ideal addition to any investor's portfolio.The property has recently been updated with a brand new roof installed in 2024 and exterior paint completed in 2021, ensuring minimal maintenance for years to come. All metered separately for electricity. Don't miss out on this opportunity to secure a property with reliable tenants and steady rental income.
Presented By: Gary Bone with KW SYNERGY*; 325-692-4488
Interior Features for 616 Grand Avenue
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths3
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesLivingRoom, None
Fireplace Y/NNo
FlooringLuxuryVinylPlank
Heating Y/NYes
Interior AmenitiesHighSpeedInternet, CableTv
Total Fireplaces1
General for 616 Grand Avenue
Additional Parcels Y/NNo
AppliancesGasOven, GasRange
Attached Garage No
AttributionContact325-692-4488
Cap Rate7.69
Carport Spaces0.0
Carport Y/NNo
CityAbilene
Construction MaterialsWoodSiding
CoolingCentralAir
CountyTaylor
DirectionsFrom North on Sayles Blvd, Left on 7th St., Right on Grand Ave, house on Left.
Electric On Property Y/NNo
Elementary SchoolBowie
Elementary School DistrictAbilene ISD
Full Baths3
Garage Spaces0.0
Garage Y/NNo
Gross Income24600.0
HOANo
HeatingCentral
High SchoolCooper
High School DistrictAbilene ISD
Home Warranty Y/NNo
Insurance Expense2626.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPARK HEIGHTS ABL, BLOCK 2, LOT 9 & N33.5 OF L
LevelsTwo
Lot Size Square Feet11761.2
Lot Size UnitsAcres
Middle/Junior High SchoolMadison
Middle/Junior School DistrictAbilene ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-06T07:10:56.903-00:00
Net Operating Income14600.0
New ConstructionNo
Number Of Units Total3
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NamePark Heights Abl
Tax Annual Amount2530.0
Tax Lot9
UtilitiesSewerAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1915
Year Built DetailsPreowned
Exterior for 616 Grand Avenue
Building Area Total2192.0
Covered Spaces0.0
Crops Included Y/NNo
Foundation DetailsPillarPostPier
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.27
Lot Size Area0.27
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Schools
High School
Cooper High School
Middle School
Madison Middle School
Elementary School
Bowie Elementary School
Dathon Aragon
Broker