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Cashflow 12 Unit - Largest Milit. Base in USA 904 Sissom Rd 12 Unit Apartment Building $1,199,000 ($99,917/Unit) 8.54% Cap Rate Killeen, TX 76541
Investment Highlights
- Tenant Occupied at $10,200/mo - Immediate CashFlow
- Entire Building re-piped with PEX water pipes
- I-14 Expansion
- Multiple exit strategies, can sell 4plexes individually
- Largest Military Base in the Nation - Ft Hood
- Upside to Increase Rents
Executive Summary
100% Occupied, TurnKey 12plex
-3 separate fourplexes. Can be bought individually or all together.
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/
Seller will guarantee 100% occupancy upon change of ownership.
All units getting $850/mo
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.
New Roof 2025 on two buildings. One building has very stable, good condition metal roof.
All HVACs ~5-10 yrs old. 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. Most appliances 2-5 yrs old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $7,500 is for insurance only.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
-3 separate fourplexes. Can be bought individually or all together.
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/
Seller will guarantee 100% occupancy upon change of ownership.
All units getting $850/mo
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.
New Roof 2025 on two buildings. One building has very stable, good condition metal roof.
All HVACs ~5-10 yrs old. 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. Most appliances 2-5 yrs old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $7,500 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 - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,400
|
$35.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,400
|
$35.69
|
| Taxes |
$12,000
|
$3.50
|
| Operating Expenses |
$8,000
|
$2.33
|
| Total Expenses |
$20,000
|
$5.83
|
| Net Operating Income |
$102,400
|
$29.85
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $35.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $35.69 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.50 |
| Operating Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $2.33 |
| Total Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $5.83 |
| Net Operating Income | |
|---|---|
| Annual | $102,400 |
| Annual Per SF | $29.85 |
Property Facts
| Price | $1,199,000 | Property Subtype | Apartment |
| Price Per Unit | $99,917 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 10,290 SF |
| Cap Rate | 8.54% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Zoning | R-3 | ||
| Price | $1,199,000 |
| Price Per Unit | $99,917 |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.27 AC |
| Building Size | 10,290 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 | 12 | $875.00 | 857 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 76689 | Total Assessment | $200,000 (2025) |
| Land Assessment | $56,000 (2025) | Annual Taxes | $12,000 ($1.17/SF) |
| Improvements Assessment | $144,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
76689
Land Assessment
$56,000 (2025)
Improvements Assessment
$144,000 (2025)
Total Assessment
$200,000 (2025)
Annual Taxes
$12,000 ($1.17/SF)
Tax Year
2026
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Presented by
Ruchi Mithal, Broker
Cashflow 12 Unit - Largest Milit. Base in USA | 904 Sissom Rd
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