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Fully Occupied and Cashflowing 14 unit

703 N Gilmer St, Killeen
ROI
16.58% IRR
Strategy
Long Term Rental
Fully occupied and cashflowing 14 unit. 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

Listed 09/28/2023

703 N Gilmer St, Killeen

Purchase Price:$700,000

Cash Outlay:$224,000

Cashflow:$734/mo

Cap Rate:7.28%

IRR:16.58%

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