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Multifamily

Radford Hills

749 E N 10th St, Abilene, TX 79601

Listing Price: Request For Offer

Number of Units
22
Occupancy
100.0%
Gross SF
18,100

Investment Overview

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

  • Economic Growth: The Stargate AI data center and Dyess AFB B-21 modernization are driving a surge of high-demand workers, fueling sustained regional growth and long-term housing needs.
  • Tight Housing Market: Rapidly expanding workforce demand has outpaced supply, resulting in historic low vacancies and sustained rent growth, ensuring strong occupancy and revenue potential.
  • Premium Quality & Yield: Interiors renovated in 2025, Radford Hills blends modern finishes with mid-century charm. It offers immediate, stable income with a cash-on-cash yield exceeding 9%.
  • Strategic STR Upside: Converting Building 749 to STRs adds $70K in annual revenue and $800K in value. This strategy boosts returns to the high teens, significantly outperforming long-term leases.

Exclusively Listed By

Multifamily

Radford Hills

Listing Price: Request For Offer

Number of Units
22
Occupancy
100.0%
Gross SF
18,100

Investment Highlights

  • Economic Growth: The Stargate AI data center and Dyess AFB B-21 modernization are driving a surge of high-demand workers, fueling sustained regional growth and long-term housing needs.
  • Tight Housing Market: Rapidly expanding workforce demand has outpaced supply, resulting in historic low vacancies and sustained rent growth, ensuring strong occupancy and revenue potential.
  • Premium Quality & Yield: Interiors renovated in 2025, Radford Hills blends modern finishes with mid-century charm. It offers immediate, stable income with a cash-on-cash yield exceeding 9%.
  • Strategic STR Upside: Converting Building 749 to STRs adds $70K in annual revenue and $800K in value. This strategy boosts returns to the high teens, significantly outperforming long-term leases.

Investment Overview

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.

Exclusively Listed By

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