3109 Grider Killeen TX 76543 388227

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3109 Grider Killeen TX 76543 388227

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$1,299,000 Killeen, TX 76543
  • 0 Acres
  • Bell County

Property Details

  • Price: $1,299,000
  • Acres: 0
  • City: Killeen
  • State: TX
  • County: Bell
  • Zipcode: 76543

Property Remarks

The apartment complex is 52 units 1br/1ba plus 2 units 2br/1ba split into 10 diffrent buildings under one deed: 1.3211 grider 2.3203 3.3201 4.3111 5.3109 6.3200 7.3202 8.3204 9.3208 10.3207 NOI is 118,247$ and cap rate will be more then 9% per 1.3m$ which is amazing. You can have my assistant manager manages it for as low as 3-4% from collection (700-800$). No showing unless it's on the option period and contract is signed. you are welcome to drive by. Minimum option fee is a $1,500. option period is 20 days. Minimum earnest is only $500. contract length will be around 60-75 days. the property has 2 years of tax returns (attached to the mls) so you can get a conventional financing. Property has window ac/heats (2 units have central heat), laundrymat is the business next door. The units have a small back yard with is an advantage especially if the tenant have a dog. The common rent is $400 for a one br. Water/trash cost for the all building is 1800$~

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Contact Calvin Burks

254-865-3601 | cburks@burksrealestate.com

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