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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,760 sqft
Price per Sqft $98
Subdivision Harbour
MLS Listing ID 417122
Sold Date 12/04/20
Style None
HOA Y/N No
Year Built 1970
Lot Size 0.442 Acres
Acres 0.4419
Property Sub-Type Apartment
Property Description
FULLY OCCUPIED, FULLY REMODELED, 26 UNIT COMPLEX WITH OVER A YEAR OF PROVEN PERFORMANCE! The owners completely rebuilt every unit from the studs up - Brand new HVAC, water heaters, appliances, everything. Units are all 1bed, 1 bath, 530sqft. 24 of 26 units are current at market rent of $575, 2 of 26 at $550. Property has boasted a 96%+ occupancy over the past 12months+; a truly turnkey investment! Tenants love the safety of full perimeter security fence and gate, and enjoy relaxing & grilling around the central Pergola. *YOU ARE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE - THE FOLLOWING ARE ESTIMATES* Gross Potential $181,158 | Vacancy/Concessions (4.5%) (-8,172$) | Fees (+$6,000) | Mgmt (7%) (-$12,110) | Insurance (-$8,190) | Taxes (-$24,500) | Utilities (-$9,672) | All Other Operating Expenses (-$13,260) ||| Total Expenses (-$67,732) (37.0%). Est. NET OPERATING INCOME $111,274 - est. CAP 7.95%
Location
State TX
County Bell
Interior
Interior Features Bedroom on Main Level
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Electric Range, Electric Water Heater, Refrigerator
Laundry Other, See Remarks
Exterior
Exterior Feature Covered Patio
Fence Split Rail, Security
View Y/N No
Water Access Desc Public
View None
Roof Type Metal
Accessibility Level Lot
Porch Covered, Patio
Building
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style None
Level or Stories Two
Schools
School District Killeen Isd
Others
Tax ID 6146
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Lucas Brandt • Keller Williams Realty, Waco