Jefferson Square Apartments is a 40-unit multifamily property located at 200 N. Jefferson in Abilene, with convenient access to Highway 277 and Interstate 20. The property is approximately 90% occupied and generates a current monthly rent roll of approximately $30,976, providing immediate cash flow with additional upside through lease-up and rent growth. Current average occupied rents are approximately $860 per unit, well below market averages, creating an opportunity to increase revenue through operational improvements and rent normalization. Strong market fundamentals, population growth, expanding employment opportunities, and continued investment in the Abilene area support long-term demand for workforce housing. Jefferson Square offers investors a stabilized asset with current income.
48 days
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7
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0
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Zillow last checked:
Listing updated:
Listed by:
Kirk Chudej806-358-7151,
FIMC Commercial Realty
Source: AMMLS,MLS#: 26-4681
Facts & features
Interior
Interior area
Total structure area: 0
Property
Details
Zoning description: 6000 - All areas in the 6000's
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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