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904 Sissom Rd 4 Unit Apartment Building $419,900 ($104,975/Unit) 8.18% Cap Rate Killeen, TX 76541
Investment Highlights
- Tenant Occupied at $3,400/mo - Immediate CashFlow
- Entire Building re-piped with PEX water pipes
- I-14 Expansion
- Turnkey Rental Property
- Largest Military Base in the Nation - Ft Hood
- Upside to Increase Rents
Executive Summary
100% Occupied, TurnKey 4plex - No showings until executed contract.
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/Copperas Cove/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 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 2: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 3: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (has new carpet, hardware, kitchen plumbing, etc)
Unit 4: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.) etc.)
Entire building has been re-piped with brand new PEX piping and new exterior LED lighting. Don't have to worry about any pipes busting or cracking during a Texas freeze.
Relatively newer HVACs. Most water heaters ~7-10 years old. No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All kitchen appliances convey with the sale. (Fridge and kitchen appliances. . 3 of 4 fridges only 1 year old. 3 of 4 range/ovens only 1 year old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $2,500 is for insurance only.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/Copperas Cove/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 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 2: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 3: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (has new carpet, hardware, kitchen plumbing, etc)
Unit 4: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.) etc.)
Entire building has been re-piped with brand new PEX piping and new exterior LED lighting. Don't have to worry about any pipes busting or cracking during a Texas freeze.
Relatively newer HVACs. Most water heaters ~7-10 years old. No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All kitchen appliances convey with the sale. (Fridge and kitchen appliances. . 3 of 4 fridges only 1 year old. 3 of 4 range/ovens only 1 year old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $2,500 is for insurance only.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$40,800
|
$11.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,800
|
$11.90
|
| Taxes |
$3,950
|
$1.15
|
| Operating Expenses |
$2,500
|
$0.73
|
| Total Expenses |
$6,450
|
$1.88
|
| Net Operating Income |
$34,350
|
$10.01
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $40,800 |
| Annual Per SF | $11.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,800 |
| Annual Per SF | $11.90 |
| Taxes | |
|---|---|
| Annual | $3,950 |
| Annual Per SF | $1.15 |
| Operating Expenses | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $0.73 |
| Total Expenses | |
|---|---|
| Annual | $6,450 |
| Annual Per SF | $1.88 |
| Net Operating Income | |
|---|---|
| Annual | $34,350 |
| Annual Per SF | $10.01 |
Property Facts
| Price | $419,900 | Property Subtype | Apartment |
| Price Per Unit | $104,975 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,430 SF |
| Cap Rate | 8.18% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Zoning | R-3 | ||
| Price | $419,900 |
| Price Per Unit | $104,975 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.27 AC |
| Building Size | 3,430 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 | $875.00 | 857 |
1 1
Property Taxes
| Parcel Number | 76689 | Total Assessment | $200,000 (2025) |
| Land Assessment | $56,000 (2025) | Annual Taxes | $3,950 ($1.15/SF) |
| Improvements Assessment | $144,000 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
76689
Land Assessment
$56,000 (2025)
Improvements Assessment
$144,000 (2025)
Total Assessment
$200,000 (2025)
Annual Taxes
$3,950 ($1.15/SF)
Tax Year
2024
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Presented by
Ruchi Mithal, Broker
904 Sissom Rd
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