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Abilene 79601 North College
1002 Cedar Street
$28,500
● House - Off Market

1002 Cedar Street

Abilene, TX 79601
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,476 Ft²
$264
Est. Monthly
38.73%
Cap Rate

About This Property

This multi-family zoned property on a corner lot features two units: a 2-bed, 1-bath home and a 1-bed, 1-bath apartment, each with private entrances. Located close to shops, restaurants, and parks, it offers an excellent investment or multi-generational living opportunity. Property is sold AS IS WHERE IS and requires a complete remodel.
Unit Size
1,476 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$30
Property Type
House
Property Taxes
$43
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20626690)

Price History

Date / Event Date Event Price
Jul 5, 2024 Sold
Premium
Sold
Jun 14, 2024 In contract -
In contract
Jun 11, 2024 Relisted $45,000
Relisted
Jun 9, 2024 In contract -
In contract
May 24, 2024 Listed by Central Realty $45,000
Listed by Central Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,476
  • Gross Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OT ABILENE
  • Land Acres: 0000000161
  • Standard Land Use Code: 1110
  • County Land Use Code: B2
  • State Land Use Code: B2
  • Legal Description 1: 1 203 2 E C&M OT ABL

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 010800

Geography

  • Parcel: 32183
  • Block: 203
  • Lot: 1
  • Municipality: ABILENE
  • Latitude: 32.4609
  • Longitude: -99.7347

    Address

  • Full Address: 1002 Cedar St
  • Address - House Number: 1002
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: TX
  • City Name: Abilene
  • Carrier Code: C002
  • 4-Digit Zip Code: 4112
  • Zip Code: 79601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $50,993
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.4411
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 11
  • Final Value: 56,280
  • High Value: 81,107
  • Low Value: 31,452

    Market Valuation

  • Market Total Value: $22,122
  • Market Land Value: $2,800
  • Market Improvement Value: $19,322

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,122
  • Assessed Land Value: $2,800
  • Assessed Improvements Value: $19,322
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North College

Stats & Trends

Median Asking:

$199,900

Sale Price/ft²

$158

Below Asking

0.04%

Average Days on Market

48

Average Home Size

688 ft²

Average Home Age

69.3 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2401 Church Street, Abilene, TX, 79601

$1,450 /mo

  • 1 Bed
  • 1 Bath
  • 450 ft²
2401 Church Street #12, Abilene, TX, 79601 Listing by John Hill

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michael Miller, Central Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20626690
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1002 Cedar Street built and last sold?
The property at 1002 Cedar Street was built in 1926 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1002 Cedar Street is $0.
What are some comparable homes to 1002 Cedar Street?
There are currently no comparable homes to 1002 Cedar Street.
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