UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Central - Cp
MLS Listing ID 21135250
Bedrooms 5
Full Baths 4
HOA Y/N None
Total Fin. Sqft 3120
Year Built 2018
Annual Tax Amount $3,256
Lot Size 0.321 Acres
Acres 0.321
Property Sub-Type Duplex
Property Description
Located at 217 Southeast 2nd Street in Cross Plains, this well-positioned two-building, four-unit duplex complex presents a compelling opportunity for investors seeking immediate cash flow with long-term upside.
The property consists of two separate duplex buildings, offering operational flexibility and reduced risk through unit diversification. All four units are currently cash flowing, making this a true turnkey investment from day one.
Recent improvements include minor updates to the HVAC systems, enhancing efficiency and reliability, as well as newer appliances throughout the units—helping to reduce near-term capital expenditures and support tenant retention.
The layout and configuration appeal to long-term renters, while the separate building setup provides potential advantages for future value-add strategies, individual building disposition, or refinancing options.
Highlights for Investors:
Two buildings - four total units - duplex configuration
Currently cash flowing
Updated HVAC components
Newer appliances
Low-maintenance asset with stabilized income
Strong fit for buy-and-hold or portfolio expansion
This is an excellent opportunity to acquire a stabilized multifamily asset in a solid rental market, offering both immediate income and long-term appreciation potential.
Location
State TX
County Callahan
Direction From the main intersection in Cross Plains, head north towards Abilene. Turn right onto SE 2nd St. The property is a couple blocks down on the left.
Interior
Interior Features Eat-in Kitchen, High Speed Internet Available
Heating Electric
Cooling Electric
Flooring Laminate
Appliance Electric Range, Refrigerator
Heat Source Electric
Exterior
Utilities Available City Sewer, City Water, Electricity Connected
Roof Type Metal
Garage No
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Wood
Schools
Elementary Schools Cross Plains
Middle Schools Cross Plains
High Schools Cross Plains
School District Cross Plains Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21135250
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.