About 1808 N 8th Street
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; ~ 525 sqft. One unit recently renovated, one in process of make-ready—other 14 units could use updates, currently cash flows as-is. First year property management fees are waived if buyer chooses to continue with current management. 2023 Gross Rental Income: $95,054; NOI: $69,829; 7.5% CAP. Potential for rent increases with updated renovations. Uncovered parking and individual AC & heat in each unit.
Features of 1808 N 8th Street
| MLS® # | 20577134 |
|---|---|
| Price | $925,000 |
| Bedrooms | 16 |
| Bathrooms | 0.00 |
| Full Baths | 16 |
| Acres | 0.22 |
| Year Built | 1970 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1808 N 8th Street |
|---|---|
| Subdivision | COX |
| City | Killeen |
| County | Bell |
| State | TX |
| Zip Code | 76541 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected |
|---|---|
| Parking Spaces | 16 |
| Garages | Off Street, On Site, Parking Lot, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Killeen ISD |
|---|---|
| Elementary | Pershingpa |
| Middle | Rancier |
| High | Killeen |
Listing Details
| Agent | Matthew Marshall |
|---|---|
| Office | Drake Real Estate & Investment |
| Contact Info | 903-581-3737 |