1808 N 8th St

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Address: 1808 N 8th St, Killeen, TX 76541, USA
Created date: April 2, 2024
Date last updated: July 18, 2024
  • 16-unit apartment complex — Please see brochure for more details
  • All units 1 bedroom / 1 bathroom | ~ 416 SF / 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 A/C & heat in each unit

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).

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $900,000
No. of Units: 16
Year Built: 1970
Lot Size: 0.22 Sq ft
Opportunity Zone: No
Price per unit: $56,250
Property Website Click Here
Address: 1808 N 8th St, Killeen, TX 76541, USA
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