1808 N 8th Street
Killeen, TX 76541
16 beds | 16 baths | 0.22 acres | #20577134
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.
Property Details
- Utility FeaturesCity Sewer, City Water, Electricity Connected
- Property TypeMulti-Family
- School DistrictKilleen ISD
- Elementary SchoolPershingpa
- Property SubtypeApartment
- MLS #20577134
- MLS #20577134
- Acres0.2172
- Cost900000
- InteriorOther
- Year Built1970
- FoundationSlab
- CountyBell
- SubdivisionCOX
- Bedrooms16
- Bathrooms16
- Full Baths16
- Buying Agency Compensation3
Location
Legal
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Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Matthew Marshall (#0544812), Phone: (903) 581-3737
Listing Office: Drake Real Estate & Investment (#DRAK01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
