4 Plex - 1996 Brick Built - KILLEEN, TX - BUY & HOLD
Asking: $340,000
Cedarhill Dr, Killeen, TX 76543, USA
This 4-plex in Killeen is a prime opportunity for buy-and-hold investors. All units are in great rental-grade condition and are currently leased. All units are 2 bed, 1 bath, approx 700sqft suites. Situated in a quiet neighborhood, the gross monthly rent is below market at $2,600. Don't miss out on this well-maintained investment!
Stats:
County: Bell
Sqft: 3,180 (approx)
Lot sqft: 8,400 (approx)
Built: 1996
Bed/Bath: 2 bed, 1 bath unit mix
2 units are currently leased at $700/mo per + utilities and trash (below market)
1 unit is currently leased at $650/mo + utilities and trash (below market)
1 unit is currently leased at $550/mo + utilities and trash (below market) - The tenant has been long-term for over 10 years. She watches over the building and acts like the manager.
Total Gross Rent = $2,600 (below market)
Market Rents for four 2/1's: $2800+ Gross rent per month
Fast Facts:
All apartments have the same layout. The 2 downstairs units have 1 back door, each located In the master bedroom.
Apt C - No current photos. The current tenant has been in the unit since 2006. The unit has the original carpet. The apartment is in good shape. The tenant takes pride in the apartment and looks over the place for the seller.
Roof—The roof was partially replaced around 2016. It was recently inspected in March 2024 by Bird Creek Roofing. There is no significant or visible damage. A few shingles are being replaced due to high winds.
HVAC - Apt A (2023), Apt B (Compressor replaced before current owner), Apt C (2017), Apt D (ordered 2024)
Windows - Orginal, double pane
Hot Water Heater - Apt B (2021), Apt C (2018), Apt D (2020)
Electrical - No Issues
Plumbing - No Issues
Foundation - No Issues
Utilities + Trash - Paid by tenants on top of rent
Occupancy - Fully Occupied
Parking - on-site (8 spots total)
4 Plex SOLD MLS COMPS
1711 Spring Rose Cir (2/1's, 3,904sqft, 11,325 lot sqft, yr build 1999) SOLD $380K (Mar 2024)
1107 Eastside Dr (2/1's, 3,696sqft, 9,740 lot sqft, yr build 1984) SOLD $328K (Feb 2024)
4504 Hunt Cir (2/1's, 3,870sqft, 12,196 lot sqft, yr build 1977) - SOLD $ $333K (Jan 2024)
4805 Rainbow Cir (2/1's, 3,650sqft, 8,580 lot sqft, yr build 1984) - SOLD CASH $333K (Oct 2023) - DOM 13
1601 Bentree Dr (2/1's, 3,477sqft, 11,003 lot sqft, yr build 1996) SOLD $305K (June 2023)
5808 Greengate Dr (2/1's, 3,212sqft, 9,074sqft, yr build 2000) SOLD $348K (May 2023)
Asking: $340,000
Cedarhill Dr, Killeen, TX 76543, USA
This 4-plex in Killeen is a prime opportunity for buy-and-hold investors. All units are in great rental-grade condition and are currently leased. All units are 2 bed, 1 bath, approx 700sqft suites. Situated in a quiet neighborhood, the gross monthly rent is below market at $2,600. Don't miss out on this well-maintained investment!
Stats:
County: Bell
Sqft: 3,180 (approx)
Lot sqft: 8,400 (approx)
Built: 1996
Bed/Bath: 2 bed, 1 bath unit mix
2 units are currently leased at $700/mo per + utilities and trash (below market)
1 unit is currently leased at $650/mo + utilities and trash (below market)
1 unit is currently leased at $550/mo + utilities and trash (below market) - The tenant has been long-term for over 10 years. She watches over the building and acts like the manager.
Total Gross Rent = $2,600 (below market)
Market Rents for four 2/1's: $2800+ Gross rent per month
Fast Facts:
All apartments have the same layout. The 2 downstairs units have 1 back door, each located In the master bedroom.
Apt C - No current photos. The current tenant has been in the unit since 2006. The unit has the original carpet. The apartment is in good shape. The tenant takes pride in the apartment and looks over the place for the seller.
Roof—The roof was partially replaced around 2016. It was recently inspected in March 2024 by Bird Creek Roofing. There is no significant or visible damage. A few shingles are being replaced due to high winds.
HVAC - Apt A (2023), Apt B (Compressor replaced before current owner), Apt C (2017), Apt D (ordered 2024)
Windows - Orginal, double pane
Hot Water Heater - Apt B (2021), Apt C (2018), Apt D (2020)
Electrical - No Issues
Plumbing - No Issues
Foundation - No Issues
Utilities + Trash - Paid by tenants on top of rent
Occupancy - Fully Occupied
Parking - on-site (8 spots total)
4 Plex SOLD MLS COMPS
1711 Spring Rose Cir (2/1's, 3,904sqft, 11,325 lot sqft, yr build 1999) SOLD $380K (Mar 2024)
1107 Eastside Dr (2/1's, 3,696sqft, 9,740 lot sqft, yr build 1984) SOLD $328K (Feb 2024)
4504 Hunt Cir (2/1's, 3,870sqft, 12,196 lot sqft, yr build 1977) - SOLD $ $333K (Jan 2024)
4805 Rainbow Cir (2/1's, 3,650sqft, 8,580 lot sqft, yr build 1984) - SOLD CASH $333K (Oct 2023) - DOM 13
1601 Bentree Dr (2/1's, 3,477sqft, 11,003 lot sqft, yr build 1996) SOLD $305K (June 2023)
5808 Greengate Dr (2/1's, 3,212sqft, 9,074sqft, yr build 2000) SOLD $348K (May 2023)
4 Plex - 1996 Brick Built - KILLEEN, TX - BUY & HOLD 🧱🔥🏡
Asking: $340,000
Cedarhill Dr, Killeen, TX 76543, USA
This 4-plex in Killeen is a prime opportunity for buy-and-hold investors. All units are in great rental-grade condition and are currently leased. All units are 2 bed, 1 bath, approx 700sqft suites. Situated in a quiet neighborhood, the gross monthly rent is below market at $2,600. Don't miss out on this well-maintained investment!
Stats:
County: Bell
Sqft: 3,180 (approx)
Lot sqft: 8,400 (approx)
Built: 1996
Bed/Bath: 2 bed, 1 bath unit mix
2 units are currently leased at $700/mo per + utilities and trash (below market)
1 unit is currently leased at $650/mo + utilities and trash (below market)
1 unit is currently leased at $550/mo + utilities and trash (below market) - The tenant has been long-term for over 10 years. She watches over the building and acts like the manager.
Total Gross Rent = $2,600 (below market)
Market Rents for four 2/1's: $2800+ Gross rent per month
Fast Facts:
All apartments have the same layout. The 2 downstairs units have 1 back door, each located In the master bedroom.
Apt C - No current photos. The current tenant has been in the unit since 2006. The unit has the original carpet. The apartment is in good shape. The tenant takes pride in the apartment and looks over the place for the seller.
Roof—The roof was partially replaced around 2016. It was recently inspected in March 2024 by Bird Creek Roofing. There is no significant or visible damage. A few shingles are being replaced due to high winds.
HVAC - Apt A (2023), Apt B (Compressor replaced before current owner), Apt C (2017), Apt D (ordered 2024)
Windows - Orginal, double pane
Hot Water Heater - Apt B (2021), Apt C (2018), Apt D (2020)
Electrical - No Issues
Plumbing - No Issues
Foundation - No Issues
Utilities + Trash - Paid by tenants on top of rent
Occupancy - Fully Occupied
Parking - on-site (8 spots total)
4 Plex SOLD MLS COMPS
1711 Spring Rose Cir (2/1's, 3,904sqft, 11,325 lot sqft, yr build 1999) SOLD $380K (Mar 2024)
1107 Eastside Dr (2/1's, 3,696sqft, 9,740 lot sqft, yr build 1984) SOLD $328K (Feb 2024)
4504 Hunt Cir (2/1's, 3,870sqft, 12,196 lot sqft, yr build 1977) - SOLD $ $333K (Jan 2024)
4805 Rainbow Cir (2/1's, 3,650sqft, 8,580 lot sqft, yr build 1984) - SOLD CASH $333K (Oct 2023) - DOM 13
1601 Bentree Dr (2/1's, 3,477sqft, 11,003 lot sqft, yr build 1996) SOLD $305K (June 2023)
5808 Greengate Dr (2/1's, 3,212sqft, 9,074sqft, yr build 2000) SOLD $348K (May 2023)
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