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306 N Gilmer St 1-34, Killeen, TX 76541
0 Beds
0 Baths
27,560 sqft

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THIS IS YOUR CHANCE TO OWN THE NICEST, AND HIGHEST RENTING APARTMENT UNITS IN KILLEEN! Rents are currently 1 Beds-$575, two beds-$700, & three beds-$800. All units are renovated floor to ceiling; flooring, paint, cabinets, appliances, HVAC, water heaters, entire bathrooms, etc. Exterior renovations entail 4 new staircases, parking lot repair, 1000ft perimeter fence, security lights, paint and trim. Over $600,000 has been invested into this property's renovation. List price reflects completion of all units - a few need some final touches. Appraisal already on file (in MLS) reflecting list price completed by certified MAI appraisers in OCT 2019. Fully rented monthly revenue is $24,500, with NOI of $152,000. Listed for sale at a 7.5% CAP. Units rent overnight once complete. Last marketing campaign (single FB post) yielded 29 applicants for 3 units. Objective is to close this listing immediately upon the final unit being completed and rent. Willing to discuss earlier acquisition if wanted.
  • Price:
  • $2,010,000
  • Square Footage:
  • 27,560
  • Acreage:
  • 0.92
  • Year Built:
  • 1970
  • Listing ID #:
  • 398056
  • Street Address:
  • 306 N Gilmer St 1-34
  • City:
  • Killeen
  • State:
  • Texas
  • Postal Code:
  • 76541
  • County:
  • Bell
  • Subdivision:
  • Spofford
  • Listing Status:
  • Pending
  • Construction Description:
  • Brick
  • Construction Status:
  • Completed
  • Flooring:
  • Laminate, Tile, Vinyl
  • Foundation:
  • Slab
  • Number Of Units:
  • 25
  • Stories:
  • 2
  • Total Building Square Footage:
  • 27560
  • Type Of Roof:
  • Metal, Tar/Gravel
  • Year Built:
  • 1970
  • Year Built Source:
  • Appraiser
  • Documents On Hand:
  • Appraisal, Disclosure(s), Lead Based Paint Disclosure
  • Road Frontage Type:
  • City Street
  • Days On Market:
  • 69
  • Included In Sale:
  • Building(s), Fixtures, Land
  • Originating Mls:
  • Ctexas
  • Street Type:
  • Street
  • Subdivision:
  • Spofford
  • Middle School:
  • Killeen Isd
  • Fence:
  • Chain Link
  • Appliances:
  • Dishwasher, Electric Range, Refrigerator
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Central
  • Waterfront:
  • 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listings Provided By Keller Williams Realty - Waco
  • CTXTRESTLE

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