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30973435
30973436

4950 Greenslope Dr, Abilene, TX 79606 For Sale

JR
TX 0661281
McCullar Properties
CM
0635496
McCullar Properties
Listed by McCullar Properties
$825,000
126 days on market
Updated 25 days ago

Greenslope Investment Quadplex

Details
APN 47595
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 6,432
Net Rentable (SqFt) 6,432
Units 4
Cap Rate 4.36%
NOI $36,000
Occupancy 100%
Pro-Forma Cap Rate 10.18%
Pro-Forma NOI $84,000
Price per SqFt $128
Broker Co-Op No
Class B
Year Built 1978
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.290
Zoning rs
Investment Type Value Add
Ground Lease No
Ownership Treat as clear
Sale Condition For sale by owner

Value-Add Residential Investment Opportunity

Marketing description

GreenSlope Residences presents a value-add investment opportunity consisting of four single-family rental homes located in South Abilene, Texas. Each residence offers approximately 1,608 square feet with a 3-bedroom, 2-bath layout and an attached two-car garage, creating a highly desirable rental product for long-term tenants.

The property is currently operating below market rents, providing investors with a clear path to increased cash flow through rental adjustments and operational improvements. Based on projected market rents, the asset offers significant upside potential and the ability to substantially increase NOI.

Detached rental homes continue to outperform traditional apartment units in tenant retention and long-term demand, making this portfolio attractive to both multifamily and single-family rental investors. Additionally, the property structure allows for potential future exit strategies including individual home sales or continued operation as a stabilized rental portfolio.

Located in South Abilene near established residential neighborhoods, retail amenities, and major thoroughfares, GreenSlope Residences offers investors a stable rental market with strong value-add potential in a growing West Texas community.

Investment highlights

Four single-family rental homes
• Each unit approximately 1,608 SF | 3 Bed | 2 Bath | 2-Car Garage
• Value-add investment opportunity with below-market rents
• Current rents significantly under market levels
• Strong projected increase in NOI through rent adjustments
• Desirable rental product with strong tenant demand
• Located in South Abilene residential submarket
• Attractive exit strategies including portfolio hold or individual home sales
• Ideal for multifamily or single-family rental investors

Listing Contacts

JR
TX 0661281
McCullar Properties
CM
0635496
McCullar Properties
Listed by McCullar Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,000.00
$3,000.00/mo

Valuation Metrics

0
DSCR
4.36%
Cap Rate
4.36%
ROI

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Additional Information

Name
Josh Rader
License
0661281
Brokerage
Mccullar Properties Group
Brokerage Phone
3256654037
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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