Austin Property Team

Properties

Property Description

Great investment opportunity in the heart of Killeen,Tx, part of Greater Austin Area. 41 Units total. Gated apartment community of 40 units comprised of 31 [1bd x 1ba], 6 [2bd x 1ba], 1 SFR [2bd x 1ba] and 2 Storage units plus property includes a cash producing laundry mat. Land available for future expansion.Tenant pays electric, water and sewage. Great occupancy rate and history. Major renovation in 2018-2019 and new roof in July 2020. Remaining 5 units & laundry mat are currently undergoing remodel. Proforma 1 BD $650, 2 BD $750 with some variations. Great income and rent rolls available for your review. Buyers / Investors can earn over $200k a year. This unit is in a popular area; Stays rented and property mgmnt team in place to turn over lease records. Four (4) star Middle schools which makes the area desirable for families. This type of investor opportunity doesn’t come along every year! Present Offers!

Features
: Public Sewer
: Electricity Connected, Water Connected, Sewer Connected
Public
Address Map
Gilmer
424
Street
0
W98° 15' 47.5''
N31° 7' 26.8''
424 N Gilmer ST
N
MLS Addon
Annually
Common Areas
1
N/a
623268
700976
N/a
Other
N/a
2021

Commercial Sale

424 Gilmer Street, Killeen, Texas 76541

$3,000,000
Listing ID #3571108
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 3571108
Price : $3,000,000
Half Bathrooms : 0
Year Built : 1976
USA : US
Texas : TX
Travis : Bell
Austin : Killeen
Zipcode : 76541
Property Sub Type : Multi Family
Status : Active
Agent info
Austin Property Team
2101 S Interstate 35, 201
Contact Agent