Cashflow 4plex - 8+% CAP

4 Unit Apartment Building | $399,900 ($99,975/Unit) | 7.55% Cap Rate | Killeen, TX 76541

Asking Price $399,900

Property Type: Multifamily
Square Feet: 3,462 SF

Listing Contacts

Ruchi Mithal

Verified Profile

Property Info

Property Overview

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/CopperasCove/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 ($800) - Tenant moved in Nov 2022-Oct 2023. Renewing at $800 Nov 2023-Oct 2024. Unit had full renovation in June 2021 (new carpet, paint, etc.)
Unit 2: 2/1 ($750) - Tenant renewing Dec 2022 -Nov 2023. Unit had full renovation in Nov 2021 (new waterproof LVP, paint, etc.)
Unit 3: 2/1 ($750) - Renewed from Feb 2023-Feb 2024. Unit in very good condition.
Unit 4: 2/1 ($700) - Renewed from Feb 2023-Jan 2024. Unit had full renovation January 2021 (new carpet, paint, etc.)
Please note this 4plex has a METAL roof. HVACs are relatively newer. No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $2,100 represents only insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.

Property Details

Year Built: 1953
Stories: 2
Lot Size (sq. ft): 11,326 SF
Units: 4

Highlights

Tenant Occupied at $3,000/mo
Immediate CashFlow
Turnkey Rental Property
Largest Military Base in the Nation - Ft. Hood
I-14 Expansion
Metal Roof and TurnKey Renovated

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$399,900

Monderosa

2,832 SF | 100% Leased | Retail Building | Nenana, AK 99760 | $399,900 ($141/SF)

309 Park Hwy
Nenana, AK 99760

View Details
$399,900

8,606 SF | 100% Leased | Retail Building | Paragon, IN 46166 | $399,900 ($46/SF)

309 Union St
Paragon, IN 46166

View Details
$399,900

Dotties

3,000 SF | Retail Building | Woodbury, CT 06798 | $399,900 ($133/SF)

787 Main St
Woodbury, CT 06798

View Details
$399,900

Oconto Falls Quick Lub

2,505 SF | Retail Building | Oconto Falls, WI 54154 | $399,900 ($160/SF)

511 Munsert Ave
Oconto Falls, WI 54154

View Details
$399,900

Aaron's

5,194 SF | Retail Building | Buffalo, NY 14207 | $399,900 ($77/SF)

776 Tonawanda St
Buffalo, NY 14207

View Details
$399,900

Driftwood Bar & Campground

1,200 SF Specialty Building Offered at $399,900 in Saxon, WI 54559

9936 County Road A
Saxon, WI 54559

View Details
$399,900

Gratiot Professional Building

12,000 SF | Vacant | Office Building | Saginaw, MI 48609 | $399,900 ($33/SF)

7628 Gratiot Rd
Saginaw, MI 48609

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].