1808 N 8th St

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Address: 1808 N 8th St, Killeen, TX 76541, USA

Texas + Apartment Buildings

Created date: April 2, 2024

Date last updated: September 12, 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).

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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