904 Sissom Rd - Apartments FOR SALE


Killeen, TX 76541- Killeen/Fort Cavazos
$419,900 USD
979-575-1148
904 Sissom Rd, Killeen, TX for Sale
$419,900 USD
Apartments - FOR SALE
1/41
null | 8.18% Cap Rate

904 Sissom Rd
Killeen, TX 76541
Killeen/Fort Cavazos


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

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.

FOR SALE DETAILS

PRICE

$419,900 USD

PRICE/SF

$122 USD /SF

# OF UNITS

4

PRICE/UNIT

$104,975

CAP RATE

8.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cashflow 4plex - 8+% CAP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

76689

ASK ABOUT THIS PROPERTY

Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

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Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.