29% CoC – 18-Unit Apartment Building, Killeen 76541 Sold

  • $220000

Currently self-managed, this apartment building requires basic interior updates and offers excellent ROI potential. The property consists of 18 studio apartments all individually metered with window units. The building is brick with a metal roof and all new windows with complete warranty. There is also an onsite office with potential to convert to an additional unit.

Numbers:

•Offer Price: $220k

•Est. Gross Mthly Rents: $6k (net of vacancy)

•Est. Mthly NOI: $2,500 (Conservative)

•29% CoC and $1200 Net Mthly Cash-flow after refi

Highlights:

•50% vacancy, all leases M-T-M

•$16k in rent-ready updates

•C Class neighborhood

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

Terms

•$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:
$220000
Address:
715 West Ave E
Killeen , Texas 76541
Terms:
For Sale
Property Type:
Apartment

Call 512-535-5554 for more details

Property Location