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1808 N 8th Street
Killeen TX 76541 US

$925,000

Active Listing ID 20577134
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16 bed
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16.00 Bath (16 Full Bath)
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Lot: 0.22 Acres
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Apartment

$925,000

Active Listing ID 20577134
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1808 N 8th Street 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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Property Features

  • Facts
  • Lot Size: 0.22 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 16
  • Cooling System: Window Unit(s) A/C
  • Floor Covering: Tile, Tile - Ceramic, Vinyl
  • Roof Type: Composition
  • Heating Fuels: Central Furnace

School Information

  • School
  • Pershingpa(Elementary)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 925000
  • unparsedaddress: 1808 N 8th Street
  • postalcity: Killeen
  • stateorprovince: TX
  • country: US
  • postalcode: 76541
  • bathroomsfull: 16
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2172
  • lotsizeunits: Acres
  • lotsizearea: 0.2172
  • livingareaunits: Square Feet
  • latitude: 31.131526
  • longitude: -97.722695
  • listagentfullname: Matthew Marshall
  • listagentemail: land@draketexas.com
  • listagentkey: 3yd-NTREIS-0544812
  • listagentmlsid: 0544812
  • listagentpreferredphone: 9035813737
  • listagentofficephone: 9035813737
  • listofficekey: 3yd-NTREIS-DRAK01
  • listagentstatelicense: 0544812
  • listofficemlsid: DRAK01
  • disclaimer: Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 1970
  • listagenturl: http://www.draketexas.com
  • countyorparish: Bell
  • parcelnumber: 72080
  • elementaryschool: Pershingpa
  • appliances: Microwave, Range, Refrigerator
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick
  • flooring: Tile, Tile - Ceramic, Vinyl
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 16
  • parkingfeatures: Off Street, Parking Lot, Paved or Surfaced
  • roof: Composition
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -97.722695, 31.131526
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Listing Changed: 4/4/2024 6:02:20 AM GMT
Source Updated Date: 5/17/2024 6:56:28 AM GMT

Courtesy of: Matthew Marshall, Drake Real Estate & Investment, land@draketexas.com

Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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