NEW ROOF! Welcome to 3725-3737 Patty Lynne, a well-maintained four-unit townhome-style multifamily property in South Abilene offering a combination of current income, recent updates, and future potential. Built in 1984, this investment property features four two-story units, each offering approximately 1,024 square feet with 2 bedrooms, 1.5 bathrooms, private entrances, and an attached one-car garage. Three of the four units have been updated between 2022 and 2023 with modern finishes, while one unit offers an opportunity for future improvements. Two units have successfully operated as furnished rentals, providing flexibility for a variety of rental strategies. Spacious floor plans include comfortable living areas, functional kitchens, dedicated laundry areas, and electric fireplaces in the remodeled units. The property is currently 75% occupied, with one remodeled, fully furnished unit available for immediate lease-up or owner-selected tenancy. Current gross scheduled rental income is based on the existing rent schedule, with additional potential through future management of the below-market unit. Conveniently located near shopping, dining, schools, and major employers, this multifamily property offers investors the opportunity to acquire a townhome-style asset in an established South Abilene neighborhood. Rent roll, operating information, and additional property details are available upon request.
| MLS # | 21324651 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1984 |
| Days On Site | 60 |
| Listing Provided By | RE/MAX Big Country | Brandi Smith |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 4,096 |
| Garage | 4 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.30 |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Central, Electric |
| Interior Features | Cable TV Available, Eat-in Kitchen |
| Window Features | Window Coverings |
| Appliances | Dishwasher, Dryer, Electric Range, Refrigerator, Washer |
| Fireplace Features | Electric, Living Room, Wood Burning |
| Roof | Composition |
|---|---|
| Construction Materials | Board & Batten Siding, Brick |
| Foundation Details | Slab |
| Lot Features | Few Trees, Interior Lot, No Backyard Grass |
| Garage Yn | 1 |
|---|---|
| Attached Garage Yn | 1 |
| Parking Features | Additional Parking, Driveway, Garage, Garage Door Opener, Garage Faces Rear, Garage Single Door, On Site |
| Utilities | All Weather Road, Cable Available, City Sewer, City Water, Community Mailbox, Curbs, Electricity Connected, Sidewalk |
|---|
| Community Features | Curbs, Sidewalks |
|---|
| Unexempt Taxes | 8077 |
|---|---|
| Tax Lot | 101-1 |
| Tax Block | G |
| State | TX |
|---|---|
| County | Taylor |
| City | Abilene |
| Zip Code | 79606 |
| Area | Taylor |
| Community Name | Ridgemont Heights Replat |
| School District | Abilene ISD |
| Elementary School | Bowie |
| High School | Cooper |
| Listing VS Median (in Ridgemont Heights Replat) | |
Price: $830,000 low | high Med: $830,000 sqft: 4,096 low | high Med: 4,096 $ / sqft: $203 low | high Med: $203 On site: 60 low | high Med: 60 | |
| State | TX |
|---|---|
| County | Taylor |
| City | Abilene |
| Zip Code | 79606 |
| Area | Taylor |
| Community Name | Ridgemont Heights Replat |
| School District | Abilene ISD |
| Elementary School | Bowie |
| High School | Cooper |
| Listing VS Median (in Ridgemont Heights Replat) | |
Price: $830,000 low | high Med: $830,000 sqft: 4,096 low | high Med: 4,096 $ / sqft: $203 low | high Med: $203 On site: 60 low | high Med: 60 | |