1808 N 8th Street
Killeen, TX 76541
- 16 beds
- 16 baths
- – sqft
- 9,460 sqft lot
- 1970 build
- – on site
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.
Listing courtesy of NTREIS / Drake Real Estate & Investment
Last checked:
Checking…
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Last updated Nov 15, 2024
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MLS# 20577134 —
The Building
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Year Built:1970
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Year Built Details:Preowned
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Accessibility Features:No
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Roof:Composition
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Foundation Details:Slab
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Levels:Two
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Construction Materials:Brick
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Building Area Total:6656.00
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Building Area Source:Owner
Interior
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Interior Features:Other
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Flooring:Ceramic Tile, Vinyl
Location
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Directions: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.
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Latitude:31.13152600
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Longitude:-97.72269500
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:72080
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Lot Size SqFt:9460.0000
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Lot Size Acres:0.2172
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Lot Size Area:9460.0000
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Lot Size Units:Square Feet
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# of Buildings:2
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:16
Baths
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Total Baths:16
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Full Baths:16
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20577134
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Buyer's Brokerage Compensation:3
Heating & Cooling
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Heating:Central, Electric
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Cooling:Electric, Window Unit(s)
Utilities
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Utilities:City Sewer, City Water, Electricity Connected
Appliances
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Appliances:Electric Range, Microwave, Refrigerator
Schools
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School District:Killeen ISD
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Elementary School:Pershingpa
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Elementary School Name:Pershingpa
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Middle School Name:Rancier
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High School Name:Killeen
The Community
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Subdivision Name:COX
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Pool:No
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Association Type:None
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Complex Name:NA
Parking
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# of Parking Spaces:16
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Parking Features:Off Street, On Site, Parking Lot, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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7/18/24
Jul 18, 2024
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Price Changed | NTREIS | $900,000 | -2.7% |
4/3/24
Apr 3, 2024
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Listed / Active | NTREIS | $925,000 |