1305 N 4th St
Killeen, TX 76541
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 4,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2017 |
| Building Class | C | Parking Ratio | 0.8/1,000 SF |
| Lot Size | 0.44 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2017 |
| Parking Ratio | 0.8/1,000 SF |
About 1305 N 4TH ST , KILLEEN, TX 76541
Fully occupied 10 Unit Apartment Complex with a Duplex on property that needs renovating. Complex was bought in May of 2016 as a performing value add opportunity. All 10 units of apartment were rented for between $205 and $345 per unit and White duplex was rented for $510.00 Over the last year we slowly moved tenants out, performed property upgrades and raised rents. Rents now range between $305 and $385 per month. Remodeled units have easier maintenance with less carpet or vinyl and more tile. Units that have not been fully remodeled could use more improvements to bathrooms (Shower tile is aging and should be replaced in time.) We are at market rate, stable property. Only potential for value-add is finishing Duplex. Email offers. We don't have additional documents or rent rolls etc beyond the pdf attachment to this listing.. True 10% net cap rate after all expenses. If buyer does $20K remodel on duplex to get it rented, true 19% Net cap rate possible.. Right now, Duplex is vacant. Property hits 10% cap without it.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
Property Taxes
| Parcel Number | 147545 | Improvements Assessment | $454,929 |
| Land Assessment | $56,000 | Total Assessment | $510,929 |
Property Taxes
