Address
1808 N 8th Street, Killeen, TX
Price
$ 925,000
Property Attributes
- MLS#20577134
- TypeMulti-Family
- CountyBELL
- CityKilleen
- NeighborhoodCox
- Zip76541
- StyleApartment
- Price$ 925,000
- Bedrooms16
- Full Bathrooms16
- Half Bathrooms0
- Lot Size9,461 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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.
| Elementary School |
|---|
| Pershingpa Elementary School |
| Price History | |
|---|---|
| 4/3/2024 | Listed $925,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | NA |
| Cooling | Electric,Window Unit(s) |
| Utilities | City Sewer,City Water,Electricity Connected |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Electric Range,Microwave,Refrigerator |
| School District | Killeen ISD |
| Capitalization Rate | 7.55 |
| Year Built | 1970 |
| Levels | Two |
| Will Subdivide | No |
| Gross Annual Expenses | 28845.00 |
| Property SubType | Apartment |
| Subdivision Name | COX |
| Insurance Expense | 6481 |
| County | Bell |
| Property Type | Residential Income |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 2 |
| Status | Active |
| Directions | 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. |
| City | Killeen |
| Buyer Agent Compensation | 3 |
| Elementary School Name | Pershingpa |
| High School | Killeen |
| Street Name | 8th |
| Elementary School | Pershingpa |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20577134 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Other |
|---|---|
| Flooring | Ceramic Tile,Vinyl |
| Total Units | 16 |
| Unit Count | 1 |
| Full Baths | 16 |
| Lock Box Type | None |
| Street Suffix | Street |
| Total Bedrooms | 16 |
Exterior Features
| Parking Features | Off Street,On Site,Parking Lot,Paved |
|---|---|
| Foundation | Slab |
| Lot Size Area | 0.2172 |
| Number Of Parking Spaces | 16 |
| Lot Size Units | Acres |
| Building Area Total | 6656.00 |
| Lot Size Square Feet | 9461.2320 |
| Lot Size Acres | 0.2172 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76541
Price
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
