807 Sissom Rd - Apartments FOR SALE


Killeen, TX 76541
$399,000 USD
979-575-1148
807 Sissom Rd, Killeen, TX for Sale
$399,000 USD
Apartments - FOR SALE
1/33
null | 8.66% Cap Rate

807 Sissom Rd
Killeen, TX 76541


HIGHLIGHTS

  • Tenant Occupied at $3,375/mo
  • Turnkey Rental Property
  • Immediate Cashflow
  • Largest Military Base in the Nation - Ft. Hood
  • I-14 Expansion

OVERVIEW

100% Occupied, TurnKey 4plex - No showings until executed contract. ***Please note all pics were taken BEFORE tenants moved in*** Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/CopperasCove/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 ($825) - Moved in Nov 2022. Increased rent from $750 to $825 Nov 2023-Nov 2024. fully renovated Sept 2022, including all new LVP, new paint, all new ceiling fans, epoxy tub, new bathroom hardware and vanity, new fridge, new stove, and new blinds) Unit 2: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (fully renovated Nov 2023, including new LVP, new carpet, new paint, all new ceiling fans, epoxy tub, new fridge, and new blinds. Has W/D connections). Unit 3: 2/1 ($850) - Tenant lease from Dec 2023- Nov 2024 (fully renovated Nov 2023, including new paint, all new ceiling fans, epoxy tub, new fridge, new stove, new flooring ceramic tile and new blinds) Unit 4: 2/1 ($850) - Tenant lease from Dec 2023 - Nov 2024 (in good condition, new paint Nov 2022) No emergency maintenance/repairs needed. HVACs are older but still functioning well. Owner has also replaced multiple plumbing valves, supply lines, and other various hardware. Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA. All kitchen appliances convey with the sale. (Any W/D on property are owned by tenants. Only units 2 and 4 have W/D connections.) Operating Expenses of $2,000 includes only insurance. Property management company can be put in place for 8%. Seller is selling property to move money to larger investment.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

4

PRICE/UNIT

$99,750

CAP RATE

8.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tenant Occupied CashFlow 4plex - 8+% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,845 SF

ZONING

R-3

APN/PARCEL ID

76682

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.