Log In/Sign Up
Your email has been sent.
Tenant Occupied CashFlow 4plex - 8+% CAP 807 Sissom Rd 4 Unit Apartment Building $399,000 ($99,750/Unit) 8.66% Cap Rate Killeen, TX 76541
INVESTMENT HIGHLIGHTS
- Tenant Occupied at $3,375/mo
- Immediate Cashflow
- I-14 Expansion
- Turnkey Rental Property
- Largest Military Base in the Nation - Ft. Hood
EXECUTIVE SUMMARY
100% Occupied, TurnKey 4plex - No showings until executed contract.
***Please note all pics were taken BEFORE tenants moved in***
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/CopperasCove/Temple metro is home Ft. Hood, the largest military base in the nation.
https://www.military.com/base-guide/fort-hood
https://www.interstate-guide.com/i-014/
Unit 1: 2/1 ($825) - Moved in Nov 2022. Increased rent from $750 to $825 Nov 2023-Nov 2024. fully renovated Sept 2022, including all new LVP, new paint, all new ceiling fans, epoxy tub, new bathroom hardware and vanity, new fridge, new stove, and new blinds)
Unit 2: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (fully renovated Nov 2023, including new LVP, new carpet, new paint, all new ceiling fans, epoxy tub, new fridge, and new blinds. Has W/D connections).
Unit 3: 2/1 ($850) - Tenant lease from Dec 2023- Nov 2024 (fully renovated Nov 2023, including new paint, all new ceiling fans, epoxy tub, new fridge, new stove, new flooring ceramic tile and new blinds)
Unit 4: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (in good condition, new paint Nov 2022)
No emergency maintenance/repairs needed. HVACs are older but still functioning well.
Owner has also replaced multiple plumbing valves, supply lines, and other various hardware.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All kitchen appliances convey with the sale. (Any W/D on property are owned by tenants. Only units 2 and 4 have W/D connections.)
Operating Expenses of $2,000 includes only insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
***Please note all pics were taken BEFORE tenants moved in***
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/CopperasCove/Temple metro is home Ft. Hood, the largest military base in the nation.
https://www.military.com/base-guide/fort-hood
https://www.interstate-guide.com/i-014/
Unit 1: 2/1 ($825) - Moved in Nov 2022. Increased rent from $750 to $825 Nov 2023-Nov 2024. fully renovated Sept 2022, including all new LVP, new paint, all new ceiling fans, epoxy tub, new bathroom hardware and vanity, new fridge, new stove, and new blinds)
Unit 2: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (fully renovated Nov 2023, including new LVP, new carpet, new paint, all new ceiling fans, epoxy tub, new fridge, and new blinds. Has W/D connections).
Unit 3: 2/1 ($850) - Tenant lease from Dec 2023- Nov 2024 (fully renovated Nov 2023, including new paint, all new ceiling fans, epoxy tub, new fridge, new stove, new flooring ceramic tile and new blinds)
Unit 4: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (in good condition, new paint Nov 2022)
No emergency maintenance/repairs needed. HVACs are older but still functioning well.
Owner has also replaced multiple plumbing valves, supply lines, and other various hardware.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All kitchen appliances convey with the sale. (Any W/D on property are owned by tenants. Only units 2 and 4 have W/D connections.)
Operating Expenses of $2,000 includes only insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $399,000 | Apartment Style | Garden |
| Price Per Unit | $99,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,462 SF |
| Cap Rate | 8.66% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $399,000 |
| Price Per Unit | $99,750 |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.23 AC |
| Building Size | 3,462 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $750.00 | 865 |
1 1
1 of 34
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Ruchi Mithal, Broker
Tenant Occupied CashFlow 4plex - 8+% CAP | 807 Sissom Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.