1808 N 8th Street, Killeen, TX 76541 - MLS#20577134

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Debbie Waters

debbiewaters@ziglarrealty.com +1(972) 841-8461

$900,000

Est. payment - /mo

16 Beds

16 Baths

9,461 Sqft Lot

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UPDATED:

07/18/2024 07:36 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Cox

MLS Listing ID 20577134

Bedrooms 16

Full Baths 16

HOA Y/N None

Total Fin. Sqft 6656

Year Built 1970

Lot Size 9,461 Sqft

Acres 0.2172

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 ~ 416 SF per Unit
Some units recently renovated with increased rents; potential for more rent increases
First year property management fees are waived if buyer chooses to continue with current management
2023 Gross Rental Income: $95,054; NOI: $69,829; 7.75% CAP
Pro Forma Effective Rental Income: $126,060; NOI: $82,092; 9.1% CAP
Uncovered parking and individual AC & heat in each unit.

Location

State TX

County Bell

Direction 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.

Interior

Interior Features Other

Heating Central, Electric

Cooling Electric, Window Unit(s)

Flooring Ceramic Tile, Vinyl

Appliance Electric Range, Microwave, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water, Electricity Connected

Roof Type Composition

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Pershingpa

Middle Schools Rancier

High Schools Killeen

School District Killeen Isd

Others

Ownership JTERRIS LLC

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Matthew Marshall • Drake Real Estate & Investment

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Debbie Waters

+1(972) 841-8461

Agent | License ID: 0623163

Agent License ID: 0623163