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1305 N 4th St 10 Unit Apartment Building $949,000 ($94,900/Unit) 10.34% Cap Rate Killeen, TX 76541
INVESTMENT HIGHLIGHTS
- Income-producing asset with 10 renovated units featuring new flooring and fresh paint, appealing to tenants and investors alike.
- Growing Market
- Situated in a growing Central Texas market near Fort Cavazos (formerly Fort Hood), ensuring consistent rental demand and economic stability.
- Owner Financing Available
EXECUTIVE SUMMARY
We are pleased to present this great investment opportunity for sale in the growing Killeen market! The
property is located on the corner of 4 St and E. Dean Ave in Killeen Texas. This gem is consists of 10 units that
have been recently renovated with new flooring and paint. There is also an additional duplex on the
property that is currently being renovated with new plumbing, electrical work, flooring and sheerock. This
property is currently being sold at a 9.8% cap. That is a great starting cap rate for new and seasoned
investors. ****OWNER FINANCING AVAILABLE****
property is located on the corner of 4 St and E. Dean Ave in Killeen Texas. This gem is consists of 10 units that
have been recently renovated with new flooring and paint. There is also an additional duplex on the
property that is currently being renovated with new plumbing, electrical work, flooring and sheerock. This
property is currently being sold at a 9.8% cap. That is a great starting cap rate for new and seasoned
investors. ****OWNER FINANCING AVAILABLE****
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$130,800
|
$27.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,800
|
$27.25
|
| Taxes |
$10,178
|
$2.12
|
| Operating Expenses |
$22,503
|
$4.69
|
| Total Expenses |
$32,681
|
$6.81
|
| Net Operating Income |
$98,119
|
$20.44
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $130,800 |
| Annual Per SF | $27.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,800 |
| Annual Per SF | $27.25 |
| Taxes | |
|---|---|
| Annual | $10,178 |
| Annual Per SF | $2.12 |
| Operating Expenses | |
|---|---|
| Annual | $22,503 |
| Annual Per SF | $4.69 |
| Total Expenses | |
|---|---|
| Annual | $32,681 |
| Annual Per SF | $6.81 |
| Net Operating Income | |
|---|---|
| Annual | $98,119 |
| Annual Per SF | $20.44 |
PROPERTY FACTS
| Price | $949,000 | Building Class | C |
| Price Per Unit | $94,900 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 10.34% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Garden |
| Price | $949,000 |
| Price Per Unit | $94,900 |
| Sale Type | Investment |
| Cap Rate | 10.34% |
| No. Units | 10 |
| 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 | 1971/2023 |
| Parking Ratio | 0.8/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 147545 | Total Assessment | $507,452 (2025) |
| Land Assessment | $56,000 (2025) | Annual Taxes | $10,178 ($2.12/SF) |
| Improvements Assessment | $451,452 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
147545
Land Assessment
$56,000 (2025)
Improvements Assessment
$451,452 (2025)
Total Assessment
$507,452 (2025)
Annual Taxes
$10,178 ($2.12/SF)
Tax Year
2024
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1305 N 4th St
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