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Killeen,TX 76543
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,440 sqft
Price per Sqft $85
Subdivision 12 Acre Add
MLS Listing ID 4732122
HOA Y/N No
Originating Board actris
Year Built 2002
Annual Tax Amount $8,185
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Desirable ‘townhome-style’ income producing brick fourplex in Killeen. Well managed, upgraded and well maintained 2br/1.5ba & 3b /1.5ba units with very stable income, high occupancy rates and longer term tenants. Rents well above the norm for units in the area, even in comparison to other townhome-style quads, and with rent increases built into the leases. Spacious 1100 sqft units, upgraded flooring and other updates. Gross rents above $30,000 for several years and rising with 2024 pro forma gross rents above $45,000 if fully occupied. Pro forma cap rate at 10%+. A steady earner that still has substantial untapped upside. One unit being held open for potential VA buyer or owner occupants.Let your rental income pay your mortgage. Fort Hood produces thousands of steady, government-backed tenants. May not be as ‘glamorous’ as Austin but if steady positive cash flow and stable, low maintenance property is the goal it's among the best small income property options in Central Texas. Smart long term add to your income portfolio or a great first investment.
Location
State TX
County Bell
Interior
Interior Features Electric Dryer Hookup,Washer Hookup
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplace No
Appliance Dishwasher,Free-Standing Electric Range,Refrigerator
Exterior
Exterior Feature None
Fence See Remarks
Community Features None
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Waterfront Description None
View None
Roof Type Composition
Porch Front Porch
Building
Lot Description Level
Faces North
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Frame,HardiPlank Type
New Construction No
Schools
Elementary Schools Ira Cross Jr
Middle Schools Manor (Killeen Isd)
High Schools Killeen
School District Killeen Isd
Others
Pets Allowed No
Special Listing Condition Standard
Pets Description No