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1808 N 8th Street

Killeen, TX 76541
  • $900,000
  • STATUS: Active
  • ON SITE: 318 Days
  • MLS #: 20577134
$900,000
  • 16
    BEDS
  • 0.22
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Cox
Type:
Multi-Family
Built:
1970
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Matthew Marshall of Drake Real Estate & Investment: 903-581-3737.

Description

Fantastic investment opportunity in Killeen, TX along the I-35 Hwy corridor, just an hour north of Austin. This 16-unit complex cash flows in as-is condition, with potential for 10-20% rent increases. Close to Fort Hood military base and Samsung $17 billion chip plant that expects to bring in 3,000 new jobs. Killeen ranks as one of the most affordable and fastest growing cities in Texas (GoBankingRates report, 2024).All units 1 bedroom, 1 bathroom ~ 416 SF per UnitSome units recently renovated with increased rents; potential for more rent increasesFirst year property management fees are waived if buyer chooses to continue with current management2023 Gross Rental Income: $95,054; NOI: $69,829; 7.75% CAPPro Forma Effective Rental Income: $126,060; NOI: $82,092; 9.1% CAPUncovered parking and individual AC & heat in each unit.

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© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mack Group - Fathom Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Mack Group - Fathom Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-02-15T23:41:16.523.
www.mackgroupre.com/homes/149161877
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1808 N 8th Street Killeen, TX 76541

  • Price: $900,000
  • Status: Active
  • On Site: 318 Days
  • MLS #: 20577134
16
Beds
16
Baths
0
½ Baths
0.22
Acres
1970
Built
Neighborhood:
Cox
County:
Bell
Area:
Killeen
Elementary School:
Pershingpa
High School:
Killeen
School District:
Killeen Isd
Property Description
Fantastic investment opportunity in Killeen, TX along the I-35 Hwy corridor, just an hour north of Austin. This 16-unit complex cash flows in as-is condition, with potential for 10-20% rent increases. Close to Fort Hood military base and Samsung $17 billion chip plant that expects to bring in 3,000 new jobs. Killeen ranks as one of the most affordable and fastest growing cities in Texas (GoBankingRates report, 2024).All units 1 bedroom, 1 bathroom ~ 416 SF per UnitSome units recently renovated with increased rents; potential for more rent increasesFirst year property management fees are waived if buyer chooses to continue with current management2023 Gross Rental Income: $95,054; NOI: $69,829; 7.75% CAPPro Forma Effective Rental Income: $126,060; NOI: $82,092; 9.1% CAPUncovered parking and individual AC & heat in each unit.
Exterior Features

Construction Brick Foundation Slab Parking Or Garage Off StreetOn SiteParking LotPaved Parking Spaces 16 Pool On Property No Roof Composition

Interior Features

Appliances Electric RangeMicrowaveRefrigerator Cooling ElectricWindow Unit(s) Flooring Ceramic TileVinyl Handicap YN No Heating CentralElectric Interior Features Other

Property Features

Building Area Source Owner Building Area Total 6656.00 Complex Name NA Construction Status Preowned Gross Annual Expenses 28845.00 Gross Annual Income 98674.00 HOA None Insurance Expense 6481 Levels Two List MLSProvider Metrotex Association Of Realtors Municipal Utility District No Net Operation Income 69829 Possession Closing/Funding Property Type Apartment Utilities City SewerCity WaterElectricity Connected Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2025 North Texas Real Estate Information System.


© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mack Group - Fathom Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Mack Group - Fathom Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-02-15T23:41:16.523.
 
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The Mack Group - Fathom Realty
6841 Virginia Pkwy #103-448
McKinney TX, 75071
Offered by Matthew Marshall of Drake Real Estate & Investment: 903-581-3737.