1808 N 8th Street, Killeen (76541)
$925,000
16 
16
6,656
PROPERTY DETAILS
| Address: |
view address Killeen, TX 76541 Map Location |
Bedrooms: | 16 |
|---|---|---|---|
| Bathrooms: | 16 (full: 16) | Square Feet: | 6,656 sq.ft. |
| Lot Size: | 0.22 acres | Year Built: | 1970 |
| Property Type: | Apartment | Neighborhood: | Cox |
| School District: | Killeen Isd | County: | Bell |
| List Date: | 2024-04-03 | Listing Number: | 20577134 |
| Listed By: | Drake Real Estate & Investment | Listing Office: | 903-581-3737 |
| Virtual Tour: | Click Here |
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.
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Interior
| Central Heat: | Yes | Ceramic Tile Flooring: | Yes |
| Electric Heat: | Yes | Electric Range: | Yes |
| Microwave Oven: | Yes | Refrigerator: | Yes |
| Tile Flooring: | Yes |
Exterior
| Brick Exterior: | Yes | Off Street Parking: | Yes |
| Parking Spaces: | 16.00 | Slab Foundation: | Yes |
Property and Lot Details
| City Sewer: | Yes | City Water: | Yes |
| Elementary School: | Pershingpa | High School: | Killeen |
| Lot Acres: | 0.22 | Lot Sqft: | 9,461.23 |
| Middle School: | Rancier | School District: | Killeen Isd |
| Subdivision: | COX | Transaction Type: | Sale |
| Year Built: | 1970 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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