Abilene, TX 79605 616 Grand Avenue
$189,900



24 more

























Presented By: Gary Bone with KW SYNERGY*; 325-692-4488
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
Fireplace FeaturesLiving Room, None
Unit Count3
Fireplaces Total1
Lock Box TypeCombo
FlooringLuxury Vinyl Plank
Interior FeaturesCable TV Available, High Speed Internet Available
Total Units3
General for 616 Grand Avenue
# of Buildings1
AppliancesGas Oven, Gas Range
Capitalization Rate7.69
Carport Spaces
CityAbilene
Complex NameGrand Triplex
Construction MaterialsWood
CoolingCentral Air
CountyTaylor
DirectionsFrom North on Sayles Blvd, Left on 7th St., Right on Grand Ave, house on Left.
Elementary SchoolBowie
Elementary School NameBowie
Full Baths3
Gross Annual Expenses10000.00
HOA TypeNone
HeatingCentral
High SchoolCooper
Insurance Expense2626
LevelsTwo
Number of Garage Spaces0
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeTriplex
Property TypeResidential Income
RoofComposition
School DistrictAbilene ISD
Standard StatusActive Under Contract
StatusActive Option Contract
Subdivision NamePark Heights Abl
Unexempt Taxes2530
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1915
Year Built DetailsPreowned
Exterior for 616 Grand Avenue
Attached Garage Y/NNo
Building Area Total2192.00
Covered Spaces
Foundation Pillar/Post/Pier
Garage Y/NNo
Lot Size Acres0.2700
Lot Size Area0.2700
Lot Size Square Feet11761.2000
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesDriveway
Additional Details
Price History
Schools
Elementary School
Bowie Elementary School
Middle School
N/A

Katie Edwards
Realtor