Immediate cash flow opportunity with 90% occupancy – Trailing 12 NOI is approx. $39k. Central air throughout all units, and rentals are in high demand in this easy to lease area. Property has been self-managed and needs $7200 in foundation repair, a new roof and cosmetic updates in each unit to achieve value-add market rents. All units are m-t-m leases.
10 Unit Apartment, 13.5% Cap Rate (Actuals) – Killeen, 76541 Sold
- $280,000
Sold
- Price:
- $280,000
- Address:
- 404 N 16th St
Killeen, TX 76541
- Terms:
- For Sale
- Property Type:
- Apartment