New construction full duplex! 6 bedrooms, 3 bath, 2,572 sq ft in total! Each side is 3 bed, 1 1/2 bath, 1,286 sq ft! Move in ready! no active leases! Can go FHA or VA if owner occupies one side!
Calling all investors! Strong value-add opportunity! Pro forma IRR 13.57% Cap 10.25% C on C 10.46%. 15 units fully or partially renovated. Electricity individually metered. New tenants and renewals now pay electricity. New roof prior to closing. Over $150,000 in recent CapEx. Close to the largest employer in town.
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.
Investors Special– Fourplex in Killeen Awaits Your Vision! Located near the downtown area, this multi-family property boasts proximity to a variety of amenities including dining options, shopping, schools, and essential services. Whether you're looking to expand your investment portfolio or embark on a new venture, this property offers great potential.
Investor special. Completely gutted duplex, sold "as is'
The median home value in Killeen, TX is $120,400. This is lower than the county median home value of $138,100. The national median home value is $219,700. The average price of homes sold in Killeen, TX is $120,400. Approximately 37.74% of Killeen homes are owned, compared to 45.89% rented, while 16.38% are vacant. Killeen real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Killeen real estate agent to arrange a tour today!
Killeen, Texas 76541 has a population of 140,513. Killeen 76541 is less family-centric than the surrounding county with 34.7% of the households containing married families with children. The county average for households married with children is 36.15%.
The median household income in Killeen, Texas 76541 is $48,898. The median household income for the surrounding county is $52,583 compared to the national median of $57,652. The median age of people living in Killeen 76541 is 28.2 years.
The average high temperature in July is 94.6 degrees, with an average low temperature in January of 35.3 degrees. The average rainfall is approximately 34.2 inches per year, with 0.3 inches of snow per year.