Sedona Apartment Homes

For Sale

2601 Nonesuch Road, Abilene, TX 79606

This Abilene property for sale is located at 2601 Nonesuch Road. Contact the listing broker for details on the current sale price for Sedona Apartment Homes.

Contacts

broker
Ryan Quaid

GREA

broker
Sean Scott

GREA

broker
Zack Del Medico

GREA

Property Details

  • Property Type Other
  • Units 498
  • Additional Rent Contact for pricing
  • Year Built 1976
  • Date Updated Dec 26, 2024

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.

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Highlights

  • 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.

Getting around

  • 43/100

    Walk Score ®

  • 41/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Abilene, TX
  • Neighborhood Over Place
  • Zip Code 79606

Points of Interest

  • Alon

    0.49 miles

  • H-E-B Fuel

    1.04 miles

  • Exxon

    1.76 miles

  • Shell

    1.83 miles

  • Allsup's

    1.87 miles

  • Tesla Destination

    2.18 miles

  • J1772

    2.18 miles

  • BBVA Compass Parking

    2.06 miles

  • Doubletree Parking

    2.23 miles

  • Abilene High School

    2.41 miles

  • WoodSpring Suites Abilene

    1.72 miles

  • Fairfield Inn & Suites Abilene

    1.74 miles

  • Comfort Inn

    1.76 miles

  • Hampton

    1.77 miles

  • Americas Best Value Inn & Suites Abilene Mall

    1.80 miles

  • Super 8 by Wyndham Abilene South

    1.80 miles

  • Days Inn Abilene

    1.82 miles

  • The Inn and Suites at 34 Fifty

    1.86 miles

  • MCM Elegante Suites-Abilene

    2.03 miles

  • Holiday Inn Express Abilene Mall

    2.05 miles

  • H-E-B

    1.03 miles

  • United Supermarkets

    1.26 miles

  • Sears

    1.76 miles

  • Target

    1.78 miles

  • Mall of Abilene

    1.84 miles

  • Natural Grocers

    1.86 miles

  • JCPenney

    1.88 miles

  • Burlington

    1.89 miles

  • Big Lots

    1.98 miles

  • Bealls

    1.98 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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