14 Unit Apartment Complex for sale in Killeen, TX

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14 Unit Apartment Complex
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Location: Killeen, TX
The units in this 14 unit building are all 1/1, they all have different types of flooring, some carpet, some tile, some with bare floors. The units are all currently vacant,they originally were gas and electric but all units will be all electric. There are slightly newer buildings on this same street that charge $695 for 1 bedrooms and $795 for 2 bedrooms. The property is currently having the electrical upgraded to code and the ARV on this property could be in the $500k or better range once fixed up and fully rented and bringing $50k on the low side up to 100k on the high side. There is room to convert a building into an onsite laundry facility to bring in more income.
I have spoken to a contractor and I have a bid to fix all the units up (labor only) and the end buyer would supply the materials.
Seller is looking at selling the building AS-IS, there is a new metal roof on the buildings , fully upgraded electrical only, for $315k. Seller has estimates for the rest of the work needed to finalize the building. If the seller finishes the work and then sells it the price will go up so its best for you to take advantage of this deal before he finishes the rehab.

Contact Information
Price: $315,000
Property Location
311 E Bryce Ave
Killeen, TX 76541
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Units: 14
Bedrooms: 1
Bathrooms: 1
Year Built: 1962
Square Footage: 3680
Exterior Amenities
Front Yard
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  • Price: $315,000
  • Bedrooms: 1
  • Bathrooms: 1
  • Square Feet: 3,680

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