$960,000
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1117 N 8th ST Killeen, TX 76541
11,602 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 11,602 sqft
Price per Sqft $78
Subdivision Scharbauer Add
MLS Listing ID 448731
Sold Date 03/11/22
Construction Status Resale
HOA Y/N No
Year Built 1973
Lot Size 0.450 Acres
Acres 0.4497
Property Sub-Type Apartment
Property Description
FULLY OCCUPIED, 18 UNIT COMPLEX AVAILABLE NOW! The property has sixteen 1/1 Units (~ 630 sqft.) and two 2/1 units (~750 sqft). The property has some very long term tenants so the rents range, however all one-bed units are being re-rented / renewed for $500+, and the two-beds for $650. The property has boasted over 95% occupancy over the past twelve months. *YOU ARE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE - THE FOLLOWING ARE PROFORMA ESTIMATES* Market Rent $108,000 | Gross Potential $103,680| Gross Operating Income $ 101,736 | Total Management, Vacancy & Expenses (-$31,404). Est. NET OPERATING INCOME $70,332 - est. CAP 7.3%
Location
State TX
County Bell
Interior
Heating Central
Cooling 1 Unit
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Laundry None
Exterior
Fence None
Pool None
Community Features Curbs
View Y/N No
Water Access Desc Public
View None
Roof Type Composition,Shingle
Accessibility None
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools West Ward Elementary School
Middle Schools Nolan Middle School
High Schools Killeen High School
School District Killeen Isd
Others
Tax ID 93305
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with NON-MEMBER AGENT • Non Member Office