The apartment complex is 52 units 1br/1ba plus 2 units 2br/1ba split into 10 diffrent buildings under one deed:
1.3211 grider 2.3203 3.3201 4.3111 5.3109 6.3200 7.3202 8.3204 9.3208 10.3207
NOI is 118,247$ and cap rate will be more then 9% per 1.3m$ which is amazing.
You can have my assistant manager manages it for as low as 3-4% from collection (700-800$).
No showing unless it's on the option period and contract is signed. you are welcome to drive by.
Minimum option fee is a $1,500. option period is 20 days. Minimum earnest is only $500. contract length will be around 60-75 days.
the property has 2 years of tax returns (attached to the mls) so you can get a conventional financing.
Property has window ac/heats (2 units have central heat), laundrymat is the business next door. The units have a small back yard with is an advantage especially if the tenant have a dog.
The common rent is $400 for a one br.
Water/trash cost for the all building is 1800$~
Courtesy Of Central Metro Realty, LLC
Listing Status: Contract Pending
Year Built: 1965
School District3: Killeen ISD
School District: Killeen ISD
County: Bell County
Subdivision: Medallion Sub Rep
Some Electric Appliances
Year Built Source:
Accessible Approach with Ramp
Documents On File:
MEDALLION SUBDIVISION REPLAT (BLK 1), BLOCK 001, LOT 0005, (AKA TR H) & BUSINESS PERSONAL PROPERTY,