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Bryce Apartments 311 E Bryce Dr 14 Unit Apartment Building $545,000 ($38,929/Unit) 5.94% Cap Rate Killeen, TX 76541
Investment Highlights
- all units have been rennovated, military town and affordable living
Executive Summary
Take a look at this incredible investment opportunity! This turnkey multi-family property features 14 units, each offering 1 bedroom and 1 bathroom. Every unit is currently leased at $650 per month, providing immediate rental income from day one.
Built with durable brick construction and topped with a low-maintenance metal roof, this single-story property is designed for long-term durability and reduced upkeep.
Located in a strong military community, this property benefits from consistent rental demand, with affordable rents that appeal to a large pool of tenants. Whether you're looking to expand your portfolio or purchase your first income-producing property, this is an excellent opportunity to own a fully occupied, cash-flowing investment.
Don't miss your chance to add this income-producing asset to your portfolio—schedule your showing today!
Built with durable brick construction and topped with a low-maintenance metal roof, this single-story property is designed for long-term durability and reduced upkeep.
Located in a strong military community, this property benefits from consistent rental demand, with affordable rents that appeal to a large pool of tenants. Whether you're looking to expand your portfolio or purchase your first income-producing property, this is an excellent opportunity to own a fully occupied, cash-flowing investment.
Don't miss your chance to add this income-producing asset to your portfolio—schedule your showing today!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,400
|
$6.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,400
|
$6.01
|
| Taxes |
$7,752
|
$1.21
|
| Operating Expenses |
$9,600
|
$1.50
|
| Total Expenses |
$17,352
|
$2.71
|
| Net Operating Income |
$21,048
|
$3.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $6.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $6.01 |
| Taxes | |
|---|---|
| Annual | $7,752 |
| Annual Per SF | $1.21 |
| Operating Expenses | |
|---|---|
| Annual | $9,600 |
| Annual Per SF | $1.50 |
| Total Expenses | |
|---|---|
| Annual | $17,352 |
| Annual Per SF | $2.71 |
| Net Operating Income | |
|---|---|
| Annual | $21,048 |
| Annual Per SF | $3.29 |
Property Facts
| Price | $545,000 | Property Subtype | Apartment |
| Price Per Unit | $38,929 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.94% | Lot Size | 0.55 AC |
| Sale Condition | REO Sale | Building Size | 6,394 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Zoning | R-3 | ||
| Price | $545,000 |
| Price Per Unit | $38,929 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Sale Condition | REO Sale |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 6,394 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $650.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 77906 | Total Assessment | $233,747 |
| Land Assessment | $56,000 | Annual Taxes | $7,752 ($1.21/SF) |
| Improvements Assessment | $177,747 | Tax Year | 2025 |
Property Taxes
Parcel Number
77906
Land Assessment
$56,000
Improvements Assessment
$177,747
Total Assessment
$233,747
Annual Taxes
$7,752 ($1.21/SF)
Tax Year
2025
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Presented by
Hacienda Texas Realty
Bryce Apartments | 311 E Bryce Dr
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