307 14th Killeen TX 76541 417122

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307 14th Killeen TX 76541 417122

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$1,399,000 Killeen, TX 76541
  • 0 Acres
  • Bell County

Property Details

  • Price: $1,399,000
  • Acres: 0
  • City: Killeen
  • State: TX
  • County: Bell
  • Zipcode: 76541

Property Remarks

FULLY OCCUPIED, FULLY REMODELED, 26 UNIT COMPLEX WITH OVER A YEAR OF PROVEN PERFORMANCE! The owners completely rebuilt every unit from the studs up - Brand new HVAC, water heaters, appliances, everything. Units are all 1bed, 1 bath, 530sqft. 24 of 26 units are current at market rent of $575, 2 of 26 at $550. Property has boasted a 96%+ occupancy over the past 12months+; a truly turnkey investment! Tenants love the safety of full perimeter security fence and gate, and enjoy relaxing & grilling around the central Pergola. *YOU ARE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE - THE FOLLOWING ARE ESTIMATES* Gross Potential $181,158 | Vacancy/Concessions (4.5%) (-8,172$) | Fees (+$6,000) | Mgmt (7%) (-$12,110) | Insurance (-$8,190) | Taxes (-$24,500) | Utilities (-$9,672) | All Other Operating Expenses (-$13,260) ||| Total Expenses (-$67,732) (37.0%). Est. NET OPERATING INCOME $111,274 - est. CAP 7.95%

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Contact Calvin Burks

254-865-3601 | cburks@burksrealestate.com

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