1808 North 8th Street

Killeen, TX 76541

$925,000
Price
16
Beds
16
Baths
6,656 Sq. Ft.
$139 / Sq. Ft.
6,656
Sq. Ft.
$139
per Sq. Ft.

Description

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; ~ 525 sqft. One unit recently renovated, one in...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; ~ 525 sqft. One unit recently renovated, one in process of make-ready—other 14 units could use updates, currently cash flows as-is. First year property management fees are waived if buyer chooses to continue with current management.
2023 Gross Rental Income: $95,054; NOI: $69,829; 7.5% CAP. Potential for rent increases with updated renovations. Uncovered parking and individual AC & heat in each unit.
  1. Listed by Matthew Marshall • TREC #0544812 • Drake Real Estate & Investment • 903-581-3737

Property Details for 1808 North 8th Street

Subdivision Name
COX
Pool
No
Number Of Parking Spaces
16

Location

Listing Courtesy of Drake Real Estate & Investment, Matthew Marshall, TREC #0544812
Add your commute
LISTING UPDATED: 04/04/2024 12:10 AM

Property Details for 1808 North 8th Street

StatusActive
MLS #20577134
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1970
Lot Size0.22 AC / 9,461 SF
CountyBell County

Location

Listing Courtesy of Drake Real Estate & Investment, Matthew Marshall, TREC #0544812
Add your commute

Building Information for 1808 North 8th Street

Stories2Residences16Year Built1970Building Size-Lot Size0.22 AC / 9,461 SF

Payment Calculator

$5,922 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$874

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1808 North 8th Street

Summary
Location and General Information
  • 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
  • Parking Features: Off Street, On Site, Parking Lot, Paved
Taxes and HOA Information
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • 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
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 16
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water, Electricity Connected
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: Address
Lot Information
  • Lot Size Acres: 0.2172
  • Lot Size Area: 0.2172
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9461.232
  • Multi Parcel ID: No
  • Parcel Number: 72080
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 7.55%
  • Gross Annual Expenses: $28,845
  • Gross Annual Income: $98,674
  • Insurance Expense: $6,481
  • Net Operation Income: $69,829.00
Unit 1
  • Approximate SQFT: 525.0
  • Average Lease Amount: $575.00
  • 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1808 North 8th Street

Taxable ValueLand$30,000Additions$523,843Total$553,843
Tax Record2023$10,484 ($874 / month)
Home Facts
Total Finished SqFt6,656 SqFtAbove Grade Finished SqFt6,656 SqFtStories2Lot Size9,461 SqFtStyleDuplexYear Built1970ZoningR-3CountyBELLAPN72080

Schools near 1808 North 8th Street

This home is within Killeen Independent School District.
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1808 North 8th Street is a multi-family home for sale in Killeen, TX 76541. This property was listed for sale on April 3, 2024 by Drake Real Estate & Investment, it's currently listed at $925,000. It has been on the market for a total of 29 days and was last sold on January 31, 2020. This listing's school district is Killeen Independent School District. Nearby schools include Maude Moore Wood Elementary School, Rancier Middle School and Killeen High School. 1808 North 8th Street is a 16-bed, 16-bath, 6,656 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.