1808 N 8th Street
Killeen,
TX
76541
Property Details
List Price: |
$925,000 |
Beds: |
16 |
Baths: |
16 |
Status: |
Active |
SqFt: |
-- |
Agency: |
Drake Real Estate & Investment |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1970 |
Notes: |
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).<br />
<br />
All units 1 bedroom, 1 bathroom; ~ 525 sqft. <br />
One unit recently renovated, one in process of make-ready—other 14 units could use updates, currently cash flows as-is. <br />
First year property management fees are waived if buyer chooses to continue with current management. <br />
2023 Gross Rental Income: $95,054; NOI: $69,829; 7.5% CAP. <br />
Potential for rent increases with updated renovations. <br />
Uncovered parking and individual AC & heat in each unit. |
MlsNumber: |
20577134 |
Estimate Your Monthly Payment
Listing Provided By: |
Drake Real Estate & Investment, original listing |
Name: |
Drake Real Estate & Investment |
Phone: |
(903) 581-3737 |
Office Name: |
Drake Real Estate & Investment |
Office Phone: |
(903) 581-3737 |
Agent Name: |
Matthew Marshall |
Disclaimer: |
Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |