117 Victoria St, Abilene, TX 79603

Beds
7
Baths
5
Sqft
1,408
Garage
Yes

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Listed byMcCullar Properties Group LLC
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
7
Number of bathrooms
5
Square feet
1,408
Lot size (acres)
0.30
Year built
1944

Exterior features

Horse amenities
Stable

Garage and parking

Garage parking spaces
2

Utilities

Heating
Electric
Cooling
Wall Units, Wall/window unit(s)

Public schools

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Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21325505 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.