Property

$2,049,500
Beds
Bath
1.22 Acres
17,000 sqft

Contact

List Office Name:
Keller Williams Realty, Waco
List Agent Name:
Lucas Brandt
Phone Number:
254-675-3818
MLS ID:
451545
MLS Source:
CTX

Location

Address:
4308  Zephyr Road, Killeen, TX 76543
Directions:
From WS Young Dr, go East on Zephyr Rd. Property will be on the RIGHT.
County:
Bell
Subdivision:
Town East Add
School District:
Killeen ISD
Elementary School:
Ira Cross Elementary School
Middle School:
Manor Middle School
High School:
Killeen High School

Direction

From WS Young Dr, go East on Zephyr Rd. Property will be on the RIGHT.

Description

BEAUTIFUL, SECLUDED, RENOVATED 24 UNIT APARTMENT COMPLEX CENTERED IN THE HEART OF KILLEEN! This incredible all two-bedroom property sits quietly tucked away on its own, yet is still under 2 minutes to Hwy 190 & 9 minutes to Ft Hood! Over the past year the property and the majority of the units have received extensive renovations and improvements both inside & out! Appliances, HVACs, flooring, counters, cabinets, paint, roof repair & replacement, parking lot redone & resealed, perimeter fence – too many things to list! Several units were completely rebuilt, most received cosmetic overhauls. Developers – the central courtyard is over an acre & sizeable enough to build more units on! Remodeled units rent for $725, new leases/renewals – $650. Overall avg rent ~$600, & increasing as units renewed to mkt. *PROFORMA ESTIMATES* Gross Mkt Rent, incl. vacancy & loss to lease: $188,834. Gross Exp. Incl. mgmt, taxes, ins., R&M, utilities, etc.: $39,989. PROFORMA NOI – $148,845 – 7.25% CAP

Property Information

Type:
Apartment
Year Built:
1973
Square Footage:
17,000
Acreage:
1.22
Fireplace Type:
None
Flooring:
Laminate,Linoleum,Tile,Vinyl
Foundation:
Slab
Roof:
Composition,Shingle
Heating:
Central
Interior Features:
Ceiling Fan(s),Tub Shower
Construction:
Brick,Masonry