507 N Gilmer Street , 1-18

    Killeen, TX 76541
    • $899,000
    • STATUS: Active
    • ON SITE: 46 days
    • MLS #: 402326
    Price Reduced
    UPDATED: 129 min ago
    $899,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,814
      SQFT
    • $76
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2003
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    This is your chance to own the NEWEST BUILT mid-tier apartment complex for sale in Killeen in the last decade! The Property has Fourteen 2-bed apartments (700+sqft), and four 1-bed apartments (500+sqft); with several having new flooring, paint, appliances, and more. Uncommon - ALL units have interior laundry hookups. Owner does NOT pay water. Owner is working with new mgmt to complete cosmetic upgrades in vacant units & bring property to 100% occupancy - units rent quickly once complete. $100,000+ price reduction to reflect as-is property condition & occupancy levels. MARKET rents total (est.) $9,700 per month, Total Potential Annual of $116,400. ***YOU'RE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE, THE FOLLOWING ARE ESTIMATES*** Annual Expenses: Vacancy(@6%): ($6,984) | Water/Trash:($1,800) | Electric:($444) | Maintenance & Upkeep:($3,000) | Taxes:($9,403) | Insurance:($4,300) | Management:($7,659.12) | *Estimated* Total:($26,606.41). *Estimated* NOI:$82,809.59. *Estimated* CAP:9.2%

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    © 2020 Central Texas Multiple Listing Service, Inc. 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. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Don Johnson, REALTORS®. Data last updated: 2020-04-02T00:05:39.773.
    www.donjohnsonrealtors.com/homes/103271286

    507 N Gilmer Street , 1-18 Killeen, TX 76541

    • Price: $899,000
    • Status: Active
    • Updated: 129 min ago
    • MLS #: 402326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    11,814
    SQFT
    $76
    $/SQFT
    2003
    Built
    Neighborhood:
    Jones Add
    County:
    Bell
    Area:
    Killeen
    School District:
    Killeen Isd
    Property Description
    This is your chance to own the NEWEST BUILT mid-tier apartment complex for sale in Killeen in the last decade! The Property has Fourteen 2-bed apartments (700+sqft), and four 1-bed apartments (500+sqft); with several having new flooring, paint, appliances, and more. Uncommon - ALL units have interior laundry hookups. Owner does NOT pay water. Owner is working with new mgmt to complete cosmetic upgrades in vacant units & bring property to 100% occupancy - units rent quickly once complete. $100,000+ price reduction to reflect as-is property condition & occupancy levels. MARKET rents total (est.) $9,700 per month, Total Potential Annual of $116,400. ***YOU'RE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE, THE FOLLOWING ARE ESTIMATES*** Annual Expenses: Vacancy(@6%): ($6,984) | Water/Trash:($1,800) | Electric:($444) | Maintenance & Upkeep:($3,000) | Taxes:($9,403) | Insurance:($4,300) | Management:($7,659.12) | *Estimated* Total:($26,606.41). *Estimated* NOI:$82,809.59. *Estimated* CAP:9.2%
    Exterior Features

    Architectural Style None Carport YN No Construction Materials BrickFrameMasonry Fencing None Foundation Details Slab View None View YN No Waterfront YN No

    Interior Features

    Appliances DishwasherElectric RangeRefrigerator Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileVinyl Heating Central Heating YN Yes Laundry Features Washer HookupIn Unit Levels Two

    Property Features

    Accessibility Features None Association Fee 0 Association YN No Community Features None Development Status Completed Listing Terms CashConventional Road Frontage Type City Street Road Surface Type Asphalt Special Listing Conditions Listed As-Is Water Source Public



    © 2020 Central Texas MLS.
    Listing courtesy of Lucas Brandt of Keller Williams Realty - Waco.



    © 2020 Central Texas Multiple Listing Service, Inc. 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. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Don Johnson, REALTORS®. Data last updated: 2020-04-02T00:05:39.773.
     
    Berkshire Hathaway HomeServices Don Johnson, REALTORS®
    16845 Blanco Rd #101
    San Antonio TX, 78232