5 Cash Flowing Duplexes in Killeen, Texas. 10 Doors Total!

Showing Saturday August 14th from 1-3PM

This off market multifamily property package is turnkey with room to run on rents! This deals is for 5 cash flosing duplexes in Killeen, Texas. Located all on one block, these are easy maintenance units with a nice neighborhood park at the end of the block. Strong cash flow & easy value add for even greater returns!

Address: 

• 907-921 Mimosa Dr
• Killeen, TX. 76541

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Property Details (Overview)

• 907/909, 911/913, 912/914, 915/917, 919/921 Mimosa Dr.
• 10 beds, 10 baths (all 1br/1ba units) 
• 1955 build 
• 80% occupied
• New window units throughout in the last 10-12 months.
• New water heaters in all units in the last 12-14 months.   
• All individually metered with newer electric meters.
• Recent updates in multiple duplexes.

Unit Mix/Rents: 

• All units: 1br/1ba each side
• Tenants pay all utilities 
• See current rents & proforma
• Pictures → HERE

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Price: $395k 

Total Current Rents: $3,530/mo. 8 doors: 1x $400, 2x $425, 2x $450, 3x $460. Rents ready to be raised to $475-$500/door. (2 doors not rented due to fire that tenant caused. Insurance is covering it. Restoration to be completed in 2-3 weeks. No structural damage.)

Pro Forma rents: $4,750-$5,000/mo. 

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Terms:  

This is an assignment transaction. We have an equitable interest in the property and we are assigning that interest to a 3rd party.         

Cash or hard money only

$3,500 non-refundable deposit 

Buyer pays all closing costs

Property will be sold as-is  Agents, add your commissions

Call (512) 879-9446