Listing Courtesy of: Matthew Marshall - Drake Real Estate & Investment
$900,000
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1808 N 8th Street Killeen, TX 76541
Apartment
Residence
16
Beds
16
Baths
6,656
Sq. Ft.
0.22
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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.
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MLS#
20577134
Property Type
Apartment
Bedrooms
16
Bathrooms
16 Full
Year Built
1970
Square Feet
6,656
sq. ft
Lot Size
0.22
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