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    424 N Gilmer St

    Killeen, TX 76541
    • $3,000,000
    • STATUS: Active
    • ID#: 3571108
    UPDATED: 63 min ago
    $3,000,000
    • 0
      BEDS
    • 1.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:
    Area:

    School Ratings & Info

    Description

    Great investment opportunity in the heart of Killeen,Tx, part of Greater Austin Area. 41 Units total. Gated apartment community of 40 units comprised of 31 [1bd x 1ba], 6 [2bd x 1ba], 1 SFR [2bd x 1ba] and 2 Storage units plus property includes a cash producing laundry mat. Land available for future expansion.Tenant pays electric, water and sewage. Great occupancy rate and history. Major renovation in 2018-2019 and new roof in July 2020. Remaining 5 units & laundry mat are currently undergoing remodel. Proforma 1 BD $650, 2 BD $750 with some variations. Great income and rent rolls available for your review. Buyers / Investors can earn over $200k a year. This unit is in a popular area; Stays rented and property mgmnt team in place to turn over lease records. Four (4) star Middle schools which makes the area desirable for families. This type of investor opportunity doesn't come along every year! Present Offers!

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    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-25T08:24:56.96.
    austin.papasanproperties.com/homes/121382020
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    424 N Gilmer St Killeen, TX 76541

    • Price: $3,000,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 3571108
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.05
    Acres
    1976
    Built
    Neighborhood:
    Spofford
    County:
    Bell
    Area:
    Killeen
    Property Description
    Great investment opportunity in the heart of Killeen,Tx, part of Greater Austin Area. 41 Units total. Gated apartment community of 40 units comprised of 31 [1bd x 1ba], 6 [2bd x 1ba], 1 SFR [2bd x 1ba] and 2 Storage units plus property includes a cash producing laundry mat. Land available for future expansion.Tenant pays electric, water and sewage. Great occupancy rate and history. Major renovation in 2018-2019 and new roof in July 2020. Remaining 5 units & laundry mat are currently undergoing remodel. Proforma 1 BD $650, 2 BD $750 with some variations. Great income and rent rolls available for your review. Buyers / Investors can earn over $200k a year. This unit is in a popular area; Stays rented and property mgmnt team in place to turn over lease records. Four (4) star Middle schools which makes the area desirable for families. This type of investor opportunity doesn't come along every year! Present Offers!
    Exterior Features

    Attached Garage YN No Bays 0 Construction Materials AsphaltBrick Foundation Details Slab Garage YN No Other Structures None Parking Features Additional ParkingAlley AccessAsphalt Road Surface Type Asphalt Stories Total 2 View City Waterfront YN No

    Interior Features

    Building Area Total 20560 Cooling Central Air Flooring TileVinyl Heating Central

    Property Features

    Accessibility Features Accessible Stairway Additional Parcels YN Yes Building Features Appliances Current Use InvestmentLaundromatMulti-Family Estimated Taxes 16700 Horse YN Yes Listing Terms CashConventional1031 Exchange New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public

    Property listed by Psg Real Estate Services Llc.


    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-25T08:24:56.96.
     
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    1801 S. Mopac Expwy, Ste 100
    Austin TX, 78746