904 Sissom Rd, Killeen, TX 76541
4 Unit Apartment Building | $419,900 ($104,975/Unit) | 8.18% Cap Rate | Killeen, TX 76541
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $419,900
- Property Type
-
Multifamily
- Square Feet
- 3,430 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/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/
Unit 1: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 2: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 3: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (has new carpet, hardware, kitchen plumbing, etc)
Unit 4: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.) etc.)
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.
Relatively newer HVACs. 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. . 3 of 4 fridges only 1 year old. 3 of 4 range/ovens only 1 year old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $2,500 is for insurance only.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
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/
Unit 1: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 2: 2/1 ($850) - Leased from Mar 2024-Feb 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.)
Unit 3: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (has new carpet, hardware, kitchen plumbing, etc)
Unit 4: 2/1 ($850) - Leased from Feb 2024-Jan 2025. Unit had full renovation (new LVP flooring, paint, toilet, vanity, plumb fixtures, etc.) etc.)
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.
Relatively newer HVACs. 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. . 3 of 4 fridges only 1 year old. 3 of 4 range/ovens only 1 year old)
No W/D on property, but W/D connections present on all units.
Operating Expenses of $2,500 is for insurance only.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Property Details
- Year Built
- 1953
- Stories
- 2
- Units
- 4
Highlights
- Tenant Occupied at $3,400/mo - Immediate CashFlow
- Turnkey Rental Property
- Entire Building re-piped with PEX water pipes
- Largest Military Base in the Nation - Ft Hood
- I-14 Expansion
- Upside to Increase Rents
Nearby Properties
Similar Properties
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