1018 Merchant St, Abilene, TX 79603
- $250,000
- 7
- BD
- 3
- BA
- List Price
- $250,000
- MLS#
- 21286246
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1946
- Bedrooms
- 7
- Bathrooms
- 3
- Acres
- 0.22
- County
- Taylor
- City
- Abilene
- Subdivision
- Lakeside Add
Property Description
TRIPLEX FOR SALE - Unique income-producing property featuring a 3-bedroom, 1-bath single-family home fronting Merchant St and a rear duplex with two 2-bedroom, 1-bath units accessible via the alley. Located in an up-and-coming area experiencing significant revitalization, with numerous neighboring properties undergoing renovation and improvement. This property offers multiple investment strategies, including owner-occupancy in the front home while generating rental income from the duplex, or leasing all three units for maximum cash flow. All units are currently occupied and leased on a month-to-month basis, providing flexibility for future plans. The property includes 1018, 1020, and 1022 Merchant St. Please do not disturb tenants. Showings are available by appointment only.
Additional Information
- Unexempt Taxes
- $3,975
- Lot Size
- 9,583
- Lot Description
- Irregular Lot
- Interior Features
- Other, Cable TV
- Flooring
- Other
- Foundation
- Pillar/Post/Pier, Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Parking Garage
- Driveway
- School District
- Abilene Isd
- Elementary School
- Martinez
- Middle School
- Craig
- High School
- Abilene
- Possession
- CloseOfEscrow, SubjectToTenantRights
Mortgage Calculator
Listing courtesy of Chad Chaney from Coldwell Banker Apex, REALTORS. Contact: 325-725-6641