20-Unit Apartment Building, 20% CoC+, Killeen 76541 Pending

  • $325,000.00
  • 20 beds
  • 20 baths
  • 11,032 sqft
Pending

20-Unit Apartment Building, 20% CoC+, Killeen 76541

Good reposition and cash-flow opportunity. This self-managed apartment complex includes 20x 1-bed, 1-bath units located in three separate 2-story buildings. The property was reacquired in November after a two-year seller finance arrangement. The current owner has completed minor updates to several units and plans on renting the remaining 4 vacant units prior to close (avg. rents of $360/mth).

Numbers:

  • Offer Price: $325k
  • ARV: $450k+
  • Current monthly gross rents $5,765 (at 80% occupancy)
  • Potential monthly gross rents $8,000 (less vacancy)
  • Repairs $1500-2000 per unit ( assumes further interior/exterior updates)

Highlights:

  • 80% Occupied (majority 12-mth leases)
  • C Class neighborhood
  • Central HVAC (recently serviced)
  • All units individually metered
  • Yrly taxes: $7,840
  • Yrly insurance: $5,000

Please let us know if you or someone you know might be interested. Call or text us at 512-535-5444Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $5,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
Price:
$325,000.00
Address:
809 Root Ave
Killeen, TX 76541
Square Feet:
11,032
Lot Size:
27300 sqft
Bedrooms:
20
Bathrooms:
20
Terms:
For Sale
Property Type:
Apartment
Year Built:
1971

Additional Features

Apartment complex has 20x 1/1

Call 512-535-5554 for more details

Property Location