5 Beds
4 Baths
3,120 SqFt
5 Beds
4 Baths
3,120 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $73
Subdivision Central - Cp
MLS Listing ID 21135250
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 2018
Annual Tax Amount $3,256
Lot Size 0.321 Acres
Acres 0.321
Property Sub-Type Duplex
Property Description
Located at 217 Southeast 2nd Street in Cross Plains, this well-positioned two-building, four-unit duplex complex presents a compelling opportunity for investors seeking immediate cash flow with long-term upside.
The property consists of two separate duplex buildings, offering operational flexibility and reduced risk through unit diversification. All four units are currently cash flowing, making this a true turnkey investment from day one.
Recent improvements include minor updates to the HVAC systems, enhancing efficiency and reliability, as well as newer appliances throughout the units—helping to reduce near-term capital expenditures and support tenant retention.
The layout and configuration appeal to long-term renters, while the separate building setup provides potential advantages for future value-add strategies, individual building disposition, or refinancing options.
Highlights for Investors:
Two buildings - four total units - duplex configuration
Currently cash flowing
Updated HVAC components
Newer appliances
Low-maintenance asset with stabilized income
Strong fit for buy-and-hold or portfolio expansion
This is an excellent opportunity to acquire a stabilized multifamily asset in a solid rental market, offering both immediate income and long-term appreciation potential.
Location
State TX
County Callahan
Direction From the main intersection in Cross Plains, head north towards Abilene. Turn right onto SE 2nd St. The property is a couple blocks down on the left.
Interior
Interior Features Eat-in Kitchen, High Speed Internet
Heating Electric
Cooling Electric
Flooring Laminate
Fireplace No
Appliance Electric Range, Refrigerator
Exterior
Parking Features Common, Driveway
Pool None
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Metal
Total Parking Spaces 8
Garage No
Private Pool No
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Cross Plains
Middle Schools Cross Plains
High Schools Cross Plains
School District Cross Plains Isd
Others
Tax ID R014030
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21135250
Nearby Locations
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