1901 CEDAR CREST DRIVE, ABILENE, TX 79601
Homes for sale in Abilene.
Homes for sale in 79601.
List Price$297,000
1901 Cedar Crest Drive
Abilene, TX 79601
Listing #21166995
About This Property
Attention investors seeking a strong cap rate, this fully occupied, income-producing property delivers from day one. Located in Abilene, TX, this prime investment sits on a large corner lot just minutes from Abilene Christian University, a proven driver of consistent rental demand. The property features two separate, revenue-generating units, making it an ideal addition to any investment portfolio. The main residence offers four bedrooms and two full bathrooms, highlighted by original hardwood floors. The spacious layout supports strong tenant retention, particularly for student or shared housing. The main unit is 4 bedrooms and 2 bathrooms. Connected yet fully independent, the additional home includes its own private entrance, two bedrooms, two full bathrooms, a living area, and a kitchen and functioning as a self-contained unit perfect for long-term rental income. The total square footage reported publicly for both units is 2974, buyer to verify the separate unit totals. The lot adds significant upside potential for future development, expansion, or value-add opportunities (buyer to verify zoning and use). Surrounded by high-demand amenities and within walking distance to ACU, this property combines location, cash flow, and future potential. A rare opportunity for investors focused on yield, stability, and long-term growth in a thriving rental market.
Property Features
Location Information
County
Taylor
Subdivision
Abilene Heights
Interior Features
Interior
Other
Cooling
Ceiling Fan(s)
Full Baths
4
Floors
Vinyl
Has Fireplace
No
Appliances
Gas Water Heater
Heating
Natural Gas
Total Number of Units
2
Exterior Features
Stories
1
Lot Description
Corner Lot
Construction
Wood Siding
Lot Size in Acres
0.253
Foundation
Pillar/Post/Pier
Lot Size in Sq. Ft.
11,020
Roof
Composition
Buildings
2
Utilities
Sewer Available, Water Available
Building Total Area (Sq. Ft.)
2,974
Parking Description
On Street
Is One Story
Yes
Garage Spaces
0
Lot Description
Corner Lot
Pool Description
None
School
Elementary School District
Abilene ISD
Jr. High School
Craig
Elementary School
Taylor
High School
Abilene
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Duplex
Tax Annual Amount
3974.0
Year Built
1956
Similar Listings
Mortgage Calculator
$1,386
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,070
Monthly Tax
$247
Monthly Insurance
$69
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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