1808 N 8th Street, Killeen TX 76541

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$900,000

1808 N 8th Street, Killeen, TX 76541

bedrooms

bathrooms

square feet

Acreage

0.2172

Open Houses

year built

1970

Full Baths

Half Baths

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Fantastic investment opportunity in Killeen, TX along the I-35 Hwy corridor, just an hour north of Austin. This 16-unit complex cash flows in as-is condition, with potential for 10-20% rent increases. Close to Fort Hood military base and Samsung $17 billion chip plant that expects to bring in 3,000 new jobs. Killeen ranks as one of the most affordable and fastest growing cities in Texas (GoBankingRates report, 2024). All units 1 bedroom, 1 bathroom ~ 416 SF per Unit Some units recently renovated with increased rents; potential for more rent increases First year property management fees are waived if buyer chooses to continue with current management 2023 Gross Rental Income: $95,054; NOI: $69,829; 7.75% CAP Pro Forma Effective Rental Income: $126,060; NOI: $82,092; 9.1% CAP Uncovered parking and individual AC & heat in each unit.

Location
Subdivision	COX
County	Bell
Elementary School	Pershingpa
Middle School	-
High School	-

Driving directions

Open houses

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MLS number: 20577134

Listing agent: Matthew Marshall #0544812

Listing broker: Drake Real Estate & Investment (903) 581-3737

Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 1 2025 at 4:52 a.m. EST

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