Radford Hills — Sale in Abilene, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Abilene, TX 79601

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Description

Radford Hills presents a high-conviction, value-add investment opportunity situated in the heart of Abilene, Texas—a market defined by its exceptionally tight rental inventory and sustained economic expansion. Driven by a stable employment base anchored by Dyess Air Force Base and a flourishing regional healthcare system, Abilene is now experiencing a new surge of industrial momentum. The arrival of massive infrastructure projects, such as the upcoming Stargate AI data center, is fundamentally shifting the local economic landscape, ensuring long-term demand for high-quality housing from both a permanent resident workforce and transient professional contractors. The asset’s current performance is already robust, delivering an attractive cash-on-cash yield exceeding 9%, providing investors with immediate, stable income. However, the primary upside lies in a targeted operational optimization strategy for Building 749. By systematically converting five of these units into high-performing short-term rentals (STRs), we anticipate capturing significant market premiums. Each converted unit is projected to generate an average of $1,000 in incremental monthly income, collectively adding $70,000 in gross revenue to the property’s bottom line annually. This conversion strategy serves as a powerful lever for forced appreciation. By driving this growth in Net Operating Income, we estimate the creation of over $800,000 in additional asset value. As the renovation program matures and the remaining units in Building 749 transition to the high-yield STR model, the overall project returns are expected to accelerate into the high teens for cash-on-cash yield. This dual-track approach—leveraging the stability of a core residential asset while aggressively capturing the premium margins available in the current hospitality-driven housing market—positions Radford Hills as a standout opportunity for substantial wealth creation and sustained portfolio growth. Investment Highlights: • Econom

Market Context

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