Cedar Creek
Abilene, TX
Overview
Summary
- Price Market
- # of Units 124
- Rentable SF 112,916 SF
- Year Built 1971
Cedar Creek Apartment Homes is a newly renovated, 124-unit multifamily community located in Abilene, TX in Taylor County. The property is comprised of 11, two-story brick buildings that were constructed in 1973 and are situated on a total area of 6.91 acres. Cedar Creek Apartment Homes offers modern and spacious one-, two-, and three-bedroom units featuring upscale amenities such as fully equipped kitchens, faux hardwood flooring, walk-in closets, and private patios / balconies. Common area amenities include a swimming pool with grilling station, a fitness center, a playground, and open green spaces. Shopping and dining are within short walking distance.
Highlights
Attractive property in desirable western Abilene, located a short walk or drive from restaurants, retail, universities, and other employment centers.
Current owners have spent over $1m in Capex on Cedar Creek, including roof replacement, carpentry, parking lot work, landscaping, and unit upgrades.
Water Conservation should save over $55,000 annually and may help the property qualify for green-incentive lending programs.
Further unit interior upgrades can continue a proven business plan.
Covered parking, additional reserved parking, and wifi are among other amenities a new owner can add to increase income.
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