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Fully Occupied and Cashflowing 14 Unit for Cash Buyer

703 N Gilmer St, Killeen

ROI

12.57% IRR

Strategy

Long Term Rental

Fully occupied and cashflowing 14 unit for cash buyer $200k below list price. Well over 1% rule with current rents $550-675/mo. 14-unit two story building with (4) 2 bed and (10) 1 bed units. All 1 bath. 8,990 total sq ft, built in 1977. (3) units mtm, all others on 1 year leases expiring over the next 8 months. Total rent $8410/mo.

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Fully Occupied and Cashflowing 14 Unit for Cash Buyer

Listed 08/23/2023

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703 N Gilmer St, Killeen

Purchase Price:$700,000

Cash Outlay:$714,000

Cashflow:$3,896/mo

Cap Rate:6.55%

IRR:12.57%

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