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Fully Occupied 8-Unit 1% Rule Complex with Value-Add Potential

1407 Bundrant Dr, Killeen
ROI
20.32% IRR
Strategy
Long Term Rental
Fully occupied 8-unit 1% Rule complex with value-add potential. Four duplexes on one parcel, all 2 bed 1 bath units. 3 minutes from Fort Cavazos. Cashflow positive from day one with significant upside. Properties will have some deferred maintenance. Rent rolls available upon request. Set of four occupied duplexes on a single parcel. Lease rates $500-825/mo, with two month-to-month and all long-term leases expiring before 5/31/2024. Owner-paid water, potential value-add by billing to tenants on new leases.

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Fully Occupied 8-Unit 1% Rule Complex with Value-Add Potential

Listed 01/08/2024

1407 Bundrant Dr, Killeen

Purchase Price:$400,000

Cash Outlay:$168,000

Cashflow:$1,165/mo

Cap Rate:8.62%

IRR:20.32%

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