Sandeep D Balse
License number: 0599503
mobile: (682) 651-5335
 www.kanamrealty.­com/
 100 N Central Expy
 Suite 913
 Richardson, TX 75080
$900,000
1808 8th Street, Killeen, Texas 76541, USA
MLS#
20577134
Property type
Residential For Sale, Apartment
Land size
9,460 sqft (879 m2)
Building Size
6,656 sqft (618.3 m2)
Status
Bedrooms
16
Baths
16
Sale price per sqm
0 $
Virtual Tour
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.
Property Details
1970 Year Built:
Brick Construction:
Resale Condition:
Refrigerator, Microwave Appliances:
Ceramic tile, vinyl Floors:
city water, City sewer Utilities:
Central, Electric Heating System:
Electric, Window Unit(s) Cooling System:
On Slab Basement and Foundation:
composition Roofing:
Parking / Garage
16 Number of parking spaces:
Parking Lot Parking type:
School Information
Killeen ISD School District:
Pershingpa Elementary School:
Killeen High School:
Rancier Middle School:

Listing by: Drake Real Estate & Investment
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