- For Sale Contact for pricing
- Property Type Other
- Units 498
- Additional Rent Contact for pricing
- Year Built 1976
- Date Updated Dec 21, 2024
Sedona Apartments is a meticulously maintained 498-unit multifamily community located in Abilene, Texas. Built in two phases (1976 and 1978), this property spans 57 buildings across 23.5 acres, offering 385,458 rentable square feet of high-quality living space. Recent capital improvements have elevated Sedona Apartments far above the standard for pre-2001 properties.
Sedona Apartments offers a variety of studio, one-, two-, and three-bedroom units, each designed to provide comfort and convenience. The property features an array of amenities, including two fully equipped dog parks, two pristine pools, the finest apartment gym in Abilene, a playground, a sports court, and picnic areas with grills. Ideally situated near essential services, dining, and retail options, Sedona Apartments delivers unmatched convenience, making it an exceptional investment opportunity.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Significant value-add potential by adding carports and in-unit washer/dryer connections, potentially increasing value by $6.13M+.
- Assumable loan with a 4.04% interest rate, nearly two years of interest-only payments remaining, and strong LTV. Opportunity for additional supplemental financing after boosting NOI.
- Excellent exterior condition with new roofs, updated parking surfaces, updated Hardie Plank siding, new LED lighting, and new pool pumps.
- Upgraded interiors with new flooring, faucets, sinks, toilets, and high-end stainless-steel appliances. Many HVAC units upgraded to Carrier systems with a 10-year warranty.
- Immediate 9%+ cash-on-cash return with positive leverage and substantial value-add potential.
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Contacts
Location
Getting Around
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Walk Score ®
43/100
Car-Dependent
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Bike Score ®
41/100
Somewhat Bikeable
- City Abilene, TX
- Neighborhood Over Place
- Zip Code 79606
Points of Interest
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Alon
0.49 miles
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H-E-B Fuel
1.04 miles
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Exxon
1.76 miles
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Shell
1.83 miles
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Allsup's
1.87 miles
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Tesla Destination
2.18 miles
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J1772
2.18 miles
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BBVA Compass Parking
2.06 miles
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Doubletree Parking
2.23 miles
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Abilene High School
2.41 miles
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WoodSpring Suites Abilene
1.72 miles
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Fairfield Inn & Suites Abilene
1.74 miles
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Comfort Inn
1.76 miles
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Hampton
1.77 miles
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Americas Best Value Inn & Suites Abilene Mall
1.80 miles
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Super 8 by Wyndham Abilene South
1.80 miles
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Days Inn Abilene
1.82 miles
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The Inn and Suites at 34 Fifty
1.86 miles
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MCM Elegante Suites-Abilene
2.03 miles
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Holiday Inn Express Abilene Mall
2.05 miles
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Sonic
0.30 miles
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Blu Barrel Bar & Grill
0.40 miles
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Mr. Gatti's
0.44 miles
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Skeet's Grill
0.52 miles
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Alfredo's Mexican Food
0.92 miles
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Dunkin'
0.95 miles
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Weinerschnitzel
0.97 miles
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Papa Murphy's
0.99 miles
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McDonald's
1.13 miles
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Shipley Do-Nuts
1.50 miles
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Bowie Elementary School
0.10 miles
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McMurry University
0.47 miles
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Jefferson Center
0.50 miles
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South Junior High School
0.52 miles
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Jackson Elementary School
0.92 miles
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Alta Vista School
0.96 miles
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Alta Vista Elementary School
1.00 miles
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Saint Josephs Academy
1.07 miles
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Madison Middle School
1.09 miles
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Cooper High School
1.17 miles
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Beltway Kids Academy
1.16 miles
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Day Nursery of Abilene - Sherry Lane Center
3.92 miles
Frequently Asked Questions
The sale price for Sedona Apartment Homes is available upon request. Contact the listing broker for more information.
Sedona Apartment Homes totals 385,458 square feet.
Sedona Apartment Homes was built in 1976.
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