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!
- 907-921 Mimosa Dr
- Killeen, TX. 76541
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.
- All units: 1br/1ba each side
- Tenants pay all utilities
- See current rents & proforma
- Pictures → HERE
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.
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