4509 N Passion Flower LOOP new Save Request In-Person Tour Request Virtual Tour
Killeen,TX 76549
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,554 sqft
Price per Sqft $3,126
Subdivision Sunflower Estates Ph Six
MLS Listing ID 1759846
Year Built 2014
Annual Tax Amount $6,592
Tax Year 2024
Lot Size 7,984 Sqft
Property Sub-Type Multi Family
Property Description
A DON'T MISS OPPORTUNITY FOR INVESTORS! Don't miss out on the opportunity to own a 20 unit (40 doors) duplex package in the fast growing Ft. Cavazos area of Central Texas. These duplexes are all co-located in the same neighborhood that is less than 1/2 mile outside the Clear Creek gate of Ft. Cavazos, providing quick ingress and egress into the military post. This neighborhood is the closest non-government housing to Ft. Cavazos via Clear Creek Rd. & is a prime location for rentals in the highly transient City of Killeen, TX. All duplexes are within 1/4 mile of each other making the management of these units
much easier and cheaper. These duplexes were built from 2013-2018 and are all in great shape with little to no maintenance necessary. Each duplex is a mixture of stone/brick on the exterior with a one car garage and two additional spots for cars in the driveway. Each unit already has an existing fence for privacy or for your animals and has a built-in sprinkler system to ensure proper lawn care. Each unit has 3 bedrooms and 2 full baths giving the owner flexibility to rent to large & small families alike. The inside boasts high end finishes for a duplex with granite countertops in the kitchen and bathrooms, stained and scored concrete floors, making these duplexes the perfect combination of luxury living with the robust finishes necessary for rental properties. An additional computer desk area is off the kitchen to provide space for schoolwork or professional work to be done. With over 10 yeas of rental history on all units, there is less than a 4% vacancy rate over the life of these duplexes with the bulk of the vacancies being the down time in between renters, while it is being cleaned for the next renter. Two full years of rental income and expenses have been captured to provide you with the Net Operating Income of this duplex investment package. Owner is selling this investment package on a 6% Capitalization Rate. DON'T MISS OUT on this amazing opportunity.
Location
State TX
County Bell
Zoning Residential
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Utilities Available See Remarks
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Others
Special Listing Condition Standard