1808 North 8th Street
Description
Some units recently renovated with...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.
- Listed by Matthew Marshall • TREC #0544812 • Drake Real Estate & Investment • 903-581-3737
Property Details for 1808 North 8th Street
Property Details for 1808 North 8th Street
| Status | Active |
|---|---|
| MLS # | 20577134 |
| Days on Market | 228 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment/5Plex+ |
| Year Built | 1970 |
| Lot Size | 0.22 AC / 9,460 SF |
| County | Bell County |
Building Information for 1808 North 8th Street
Property Information for 1808 North 8th Street
- Complex Name: NA
- Directions: From the intersection of E Rancier Ave and N 8th St., head north on N 8th St. In about 0.4 miles, property will be on the right, at the NE corner of N 8th St. and E Myrl Ave.
- Elementary School: Pershingpa
- Elementary School Name: Pershingpa
- High School: Killeen
- High School Name: Killeen
- Middle School: Rancier
- Year Built Details: Preowned
- School District: Killeen ISD
- Geocode Confidence: High
- Latitude: 31.13
- Longitude: -97.72
- State: Texas
- Parking Features: Off Street, On Site, Parking Lot, Paved
- Association Type: None
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/ntreis/20577134
- Flooring: Ceramic Tile, Vinyl
- Heating: Central, Electric
- Interior Features: Other
- Appliances: Electric Range, Microwave, Refrigerator
- Cooling: Electric, Window Unit(s)
- Smart Home Features Appor Pass Y: No
- Building Area Source: Owner
- Construction Materials: Brick
- Foundation Details: Slab
- Number Of Stories: 2
- Roof: Composition
- Number Of Units Total: 16
- Levels: Two
- Utilities: City Sewer, City Water, Electricity Connected
- Handicap: No
- Loan Type: Treat As Clear
- Property Match: Address
- Lot Size Acres: 0.2172
- Lot Size Area: 9460.0
- Lot Size Units: Square Feet
- Lot Size Square Feet: 9460.0
- Multi Parcel ID: No
- Parcel Number: 72080
- Number Of Buildings: 2
- Capitalization Rate: 7.76%
- Gross Annual Expenses: $28,845
- Gross Annual Income: $98,674
- Insurance Expense: $6,481
- Net Operation Income: $69,829.00
- Approximate SQFT: 416.0
- Average Lease Amount: $561.00
- Living Area Length: 1.0
- Living Area Width: 1.0
- Number Of Baths Full: 1
- Unit Type Type: 1 Bedroom
Property History for 1808 North 8th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1808 North 8th Street
Schools near 1808 North 8th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Maude Moore Wood Elementary School PublicPK to 5 | ||
Rancier Middle School Public6 to 8 | ||
Killeen High School Public9 to 12 | ||
West Ward Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Drake Real Estate & Investment, Matthew Marshall, TREC #0544812
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.
