1305 N 4th St
Killeen, TX 76541
Palo Alto Apartments · Multifamily Property For Sale
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10 Units
Property Facts
About 1305 N 4TH ST , KILLEEN, TX 76541
10 Unit apartment complex currently rented at $2445 per month (while 3 vacant listed at additional $1125 per month). Additionally, 2 duplexes on property 1100 SF a,d 880 SF for a potential additional 4 units. Both duplexes need remodeling to finish. 1 Duplex is almost complete, while the other needs a full gut/remodel or demo. In city redevelopment zone so building permits are free as long as you go through simple filing process. Property appraised in current condition with local bank at $270,000. Gross rents of $42,840 per year. Potential of additional $19,200 per year after remodeling both duplexes. Taxes are $1075 annual and owner pays water/trash/lawn service. Half of the units have been completely remodeled. A few long term tenants. Current landlord is out of state and periodic maintenance and duplex remodel has made landlord focus on other projects instead. Perfect for a local owner operator wanting to add value and be hands on in positive change.
Property Taxes
| Parcel Number | 147545 | Improvements Assessment | $454,929 |
| Land Assessment | $56,000 | Total Assessment | $510,929 |
Property Taxes
