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Summit Heights Apartments 411 E Central Texas Expy 23 Unit Apartment Building $1,800,000 ($78,261/Unit) Killeen, TX 76541
EXECUTIVE SUMMARY
Prime Investment Opportunity! Presenting a well-maintained, two-story apartment complex. This prime property is strategically located close to a major highway and offers direct access to Fort Hood, making it an ideal choice for military personnel and locals alike. These 23 stylish one-bedroom units are thoughtfully designed for comfort and functionality. The complex includes an on-site laundry facility, providing an additional revenue stream and added convenience for tenants. Built-in 2003, this well-established complex has a track record of success and tenant satisfaction. Seize this golden opportunity to invest in a fully occupied, income-generating apartment complex strategically located with a peaceful community ambiance, perfect for fostering long-term tenant relationships. The Killeen economy, coupled with the property's impeccable condition and consistent cash flow potential, makes this investment a must-have in your portfolio. Shingles replaced 8/2023.
PROPERTY FACTS
| Price | $1,800,000 | Building Class | B |
| Price Per Unit | $78,261 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 17,000 SF |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-3 | ||
| Price | $1,800,000 |
| Price Per Unit | $78,261 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 17,000 SF |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | B-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Refrigerator
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tanning Salon
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 22 | - | 650 |
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PROPERTY TAXES
| Parcel Number | 132777 | Improvements Assessment | $1,718,940 |
| Land Assessment | $362,556 | Total Assessment | $2,081,496 |
PROPERTY TAXES
Parcel Number
132777
Land Assessment
$362,556
Improvements Assessment
$1,718,940
Total Assessment
$2,081,496
CONTACTS
-
Karen Doerbaum -
Timothy Doerbaum -
Lone Star Realty And Property Management, Inc.
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Summit Heights Apartments | 411 E Central Texas Expy
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