Properties

Killeen, TX 76541 1808 N 8th Street

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Presented By: Matthew Marshall with Drake Real Estate & Investment; 903-581-3737
  • MLS# 20577134
  • 04/03/2024
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  • Beds • 16
  • Baths • 16

Home Details

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-readyโ€”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.
Presented By: Matthew Marshall with Drake Real Estate & Investment; 903-581-3737

Interior Features for 1808 N 8th Street

Bedrooms

Total Bedrooms16

Bathrooms

Full Baths16

Other Interior Features

Unit Count1
Lock Box TypeNone
FlooringCeramic Tile, Vinyl
Interior FeaturesOther
Street SuffixStreet
Total Units16

General for 1808 N 8th Street

# of Buildings2
AppliancesElectric Range, Microwave, Refrigerator
Buyer Agent Compensation3
Buyer Agent Compensation Type%
Capitalization Rate7.55
CityKilleen
Complex NameNA
Construction MaterialsBrick
CoolingElectric, Window Unit(s)
CountyBell
DirectionsFrom 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.
Elementary SchoolPershingpa
Elementary School NamePershingpa
Gross Annual Expenses28845.00
HOA TypeNone
HeatingCentral, Electric
High SchoolKilleen
Insurance Expense6481
LevelsTwo
Pool Y/NNo
PossessionClosing/Funding
Property SubTypeApartment
Property TypeResidential Income
RoofComposition
School DistrictKilleen ISD
Standard StatusActive
StatusActive
Street Name8th
Subdivision NameCOX
UtilitiesCity Sewer, City Water, Electricity Connected
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1970
Year Built DetailsPreowned

Exterior for 1808 N 8th Street

Building Area Total6656.00
Foundation Slab
Lot Size Acres0.2172
Lot Size Area0.2172
Lot Size Square Feet9461.2320
Lot Size UnitsAcres
Number Of Parking Spaces16
Parking FeaturesOff Street, On Site, Parking Lot, Paved

Additional Details

Price History

Schools

Middle School N/A
High School N/A
Elementary School Pershingpa Elementary School

Connect Realty

Price $925,000
MLS#20577134
List Date 04/03/2024
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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The Woodlands, TX 77380
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