3725 Patty Lynne St, Abilene, TX 79606

$830,000
: 8
BD
: 8
BA
: 4,096
SqFt

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List Price: $830,000
MLS#: 21324651
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1984
Construction Status: Preowned
Bedrooms: 8
Full Baths: 4
Half Baths: 4
Acres: 0.30
Living Area: 4,096
County: Taylor
City: Abilene
Subdivision: Ridgemont Heights Replat
Building Name: Na

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Property Description

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.

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