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Lisa Ross

lisar@lisareteam.com +1(818) 220-3030

$ 559,000

Est. payment -/mo

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5919 BuffaloGap RD Abilene, TX 79606

3 Beds

2 Baths

2,430 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,430 sqft

Price per Sqft $230

Subdivision Commercial Property On Buffalo Gap

MLS Listing ID 21314780

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1966

Annual Tax Amount $10,634

Lot Size 0.558 Acres

Acres 0.558

Property Sub-Type Apartment

Property Description

Rare income-producing investment opportunity in one of Abilene's high-visibility Buffalo Gap Road locations. Recent appraisal reflected comparable sold properties supporting a value of more than $600,000, making this an exceptional opportunity to acquire a renovated, versatile property at its current price. Just confirmed through the City and waiting for it in writing that this property is located within a Planned Development District, creating a unique opportunity for an investor seeking a residential-style income property, medical or other office, retail location, or other approved use. With its home-like layout and functionality, the property offers projected potential residential rental income of $5,000+ per month to capitalize on Abilene's growing residential demand. Situated near Wylie High School and Fairway Oaks Country Club, this property provides exposure and outstanding long-term potential. Previously used as a home, doctor's office, clothing store and real estate office, the building has been updated and ready for all of these mentioned. The versatile interior offers an enclosed 2 car garage, 3 private rooms or bedrooms, 2 bathrooms, kitchen, living-style area with fireplace and built-in desk. Updates include interior and exterior paint, new flooring in multiple areas, added can lighting, front exterior lighting, foundation work by Big Country Foundation, roof inspection with minor shingle repairs July 2024, and sprinkler-system repairs. A standout feature is the oversized backyard, offering possible future expansion, additional office space, income-producing units, or potential residential-style development similar to nearby properties, all subject to City approval, zoning, utilities, site plan, permitting, and buyer due diligence. A Jacob Martin site plan of the current property is available for review. Turnkey opportunities with this level of flexibility, visibility, parking, updated condition, and future potential are rare. Agent related to owner.

Location

State TX

County Taylor

Direction Buffalo Gap just north of Antilley.

Interior

Interior Features Granite Counters, Pantry

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Vinyl

Fireplaces Number 1

Fireplaces Type Electric

Fireplace Yes

Appliance Dishwasher, Microwave

Exterior

Parking Features Concrete, No Garage, On Site, Open, Parking Lot

Fence Wood

Pool None

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Accessibility Accessible Full Bath

Total Parking Spaces 10

Garage No

Private Pool No

Building

Lot Description Back Yard, Interior Lot, Lawn, Sprinkler System, Few Trees

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Wylie West

Middle Schools Wylie West

High Schools Wylie

School District Wylie Isd, Taylor Co.

Others

Tax ID 12010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21314780