1808 8th Street
Killeen, TX 76541
/ Cox
MLS ID# 20577134 Active
Apartment
$925,000
Details for 1808 8th Street, Killeen TX 76541
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-ready—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.
Features and Details
- Category Multi-Family
- Type Apartment
- Area/Neighborhood Cox
- County Bell
- Acreage 0.2172 Acres
- MLS ID# 20577134
- Year Built 1970
- Garage Capacity 0
- Living Area 0 sqft
- Room Name Size
- Complex Name
- NA
- Construction
- Brick, Composition, Slab
- Heating/Cooling
- Central, Electric, Electric,Window Unit(s)
- Association Fee
- None
- Flooring
- Ceramic Tile, Vinyl
- Green Features
- Green Verification Count: 0
- Interior Features
- Other
- Parking
- Off Street, On Site, Lot, Paved
- Utilities
- City Sewer, City Water, Electricity Connected
- Year Built
- 1970, Preowned
- Gross Annual Expenses
- 28845.00
- Gross Annual Income
- 98674.00
- Net Operation Income
- 69829
- # of Buildings
- 2
Units Details
- Dimensions
- Living Area: 1x1
- Lease
- $575
- Full Baths
- 1
- SqFt
- 525