Property Attributes
- MLS#20577134
- TypeMulti-Family
- CountyBELL
- CityKilleen
- NeighborhoodCox
- Zip76541
- StyleApartment
- Price$ 925,000
- Bedrooms16
- Full Bathrooms16
- Half Bathrooms0
- Lot Size0.2172 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Fantastic investment opportunity in Killeen, TX along the I-35 Hwy corridor, just an hour north of Austin. This 16-unit complex cash flows in as-is condition, with potential for 10-20% rent increases. Close to Fort Hood military base and Samsung $17 billion chip plant that expects to bring in 3,000 new jobs. Killeen ranks as one of the most affordable and fastest growing cities in Texas (GoBankingRates report, 2024). All units 1 bedroom, 1 bathroom; ~ 525 sqft. One unit recently renovated, one in process of make-ready—other 14 units could use updates, currently cash flows as-is. First year property management fees are waived if buyer chooses to continue with current management. 2023 Gross Rental Income: $95,054; NOI: $69,829; 7.5% CAP. Potential for rent increases with updated renovations. Uncovered parking and individual AC & heat in each unit.
Elementary School |
---|
Pershingpa Elementary School |
Price History | |
---|---|
4/3/2024 | Listed $925,000 |
General Features
Heating | Central,Electric |
---|---|
Complex Name | NA |
Cooling | Electric,Window Unit(s) |
Utilities | City Sewer,City Water,Electricity Connected |
Possession | Closing/Funding |
Roof | Composition |
Appliances | Electric Range,Microwave,Refrigerator |
School District | Killeen ISD |
Capitalization Rate | 7.55 |
Year Built | 1970 |
Levels | Two |
Will Subdivide | No |
Gross Annual Expenses | 28845.00 |
Property SubType | Apartment |
Subdivision Name | COX |
Insurance Expense | 6481 |
County | Bell |
Property Type | Residential Income |
Construction Materials | Brick |
Year Built Details | Preowned |
HOA Type | None |
# of Buildings | 2 |
Status | Active |
Directions | From the intersection of E Rancier Ave and N 8th St.,head north on N 8th St. In about 0.4 miles,property will be on the right,at the NE corner of N 8th St. and E Myrl Ave. |
City | Killeen |
Buyer Agent Compensation | 3 |
Elementary School Name | Pershingpa |
High School | Killeen |
Street Name | 8th |
Elementary School | Pershingpa |
Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20577134 |
Standard Status | Active |
Buyer Agent Compensation Type | % |
Interior Features
Interior Features | Other |
---|---|
Flooring | Ceramic Tile,Vinyl |
Total Units | 16 |
Unit Count | 1 |
Full Baths | 16 |
Lock Box Type | None |
Street Suffix | Street |
Total Bedrooms | 16 |
Exterior Features
Parking Features | Off Street,On Site,Parking Lot,Paved |
---|---|
Foundation | Slab |
Lot Size Area | 0.2172 |
Number Of Parking Spaces | 16 |
Lot Size Units | Acres |
Building Area Total | 6656.00 |
Lot Size Square Feet | 9461.2320 |
Lot Size Acres | 0.2172 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool