Sedona Apartment Homes

Abilene, TX

Info For Buyers

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Overview

Summary

Address 2601 Nonesuch Road, Abilene, TX 79606
# Units 498
Rentable SF 385,458 SF
# Buildings 57
Total AC 23.5 AC
Years Built 1976 & 1978

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.

Key Facts

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.