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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,960 sqft
Price per Sqft $71
Subdivision Scharbauer Add
MLS Listing ID 423146
Sold Date 12/08/20
Style None
Construction Status Resale
HOA Y/N No
Year Built 1966
Lot Size 0.348 Acres
Acres 0.3478
Property Description
FULLY OCCUPIED, FULLY REMODELED, 16 UNIT COMPLEX WITH OVER A YEAR OF PROVEN PERFORMANCE! The owners completely rebuilt every unit - Brand new HVAC, water heaters, appliances, everything.
The property has twelve 2/1 Units (~ 720 sqft.) rented for $575-$625 and four 1/1 units (~580 sqft.) rented for $475- $525. The property has boasted a 97%+ occupancy over the past 12months+; a truly turn-key investment!
*YOU ARE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE - THE FOLLOWING ARE ESTIMATES*
Market Rent $108,330 | Gross Potential $107,730| Gross Operating Income $ 104,128 | Total Expenses (-$40,252). Est. NET OPERATING INCOME $63,876 - est. CAP 8.0%
Location
State TX
County Bell
Direction West
Interior
Interior Features Ceiling Fan(s), Tub Shower, Breakfast Bar, Pantry, Solid Surface Counters
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Electric Water Heater, Microwave, Oven, Refrigerator, Some Electric Appliances, Range
Laundry None
Exterior
Fence Chain Link, Privacy
Pool None
View Y/N No
Water Access Desc Public
View None
Roof Type Composition,Shingle
Accessibility None
Building
Faces West
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style None
Level or Stories Two
Construction Status Resale
Schools
School District Killeen Isd
Others
Tax ID 19027
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Lucas Brandt • Keller Williams Realty, Waco
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Karla And Victor Aguilar
Agent/Team Lead | License ID: 0664760
Agent/Team Lead License ID: 0664760