Value-Add Quadplex with 1% Rule Potential Just Outside Ft Cavazos
711 W Avenue C, Killeen
ROI
19.35% IRR
Strategy
Long Term Rental
Value-add quadplex with 1% rule potential just outside Ft Cavazos. $60k price reduction for foundation repairs needed. (3) 1 bed, 1 bath units and (1) 2 bed, 1 bath unit. 2,506 sq ft quadplex built in 1960 with (3) 1 bed, 1 bath units and (1) 2 bed, 1 bath unit. Market rents on 1 bed units $650/mo, 2 bed unit $850/mo. Foundation needs some additional piers and leveling.
