1808 N 8th Street Active Save Request In-Person Tour Request Virtual Tour
Killeen,TX 76541
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Cox
MLS Listing ID 20577134
Bedrooms 16
Full Baths 16
HOA Y/N None
Total Fin. Sqft 6656
Year Built 1970
Lot Size 9,461 Sqft
Acres 0.2172
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).
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.
Location
State TX
County Bell
Direction From 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.
Interior
Interior Features Other
Heating Central,Electric
Cooling Electric,Window Unit(s)
Flooring Ceramic Tile,Vinyl
Appliance Electric Range,Microwave,Refrigerator
Heat Source Central,Electric
Exterior
Utilities Available City Sewer,City Water,Electricity Connected
Roof Type Composition
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Pershingpa
Middle Schools Rancier
High Schools Killeen
School District Killeen Isd
Others
Ownership JTERRIS LLC