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$1,954,000   Price Analysis
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308 N 22nd St
Killeen, TX 76541
Unknown bed 0 bath 16,640 SqFt ($117/SqFt)
0.74 acre lot. Built 1971
Listed 2024-06-10, Taxes $22,021
Ⓧ USDA Ineligible
due to price & location

near Killeen

Calling all investors!

Strong value-add opportunity. Pro forma IRR 13.57% Cap 10.25% C on C 10.46%. 15 units fully or partially renovated. Electricity individually metered.

Brand new tenants and renewals now pay electricity. New roof prior to closing. Over $1 50, 000 in recent CapEx. Close to the largest employer n town.


Presented by Keith Auten at
Auten Realty Llc.


Property MLS #20641249 from NTREIS

Total Bathrooms: 0

High Speed Internet Available
Flooring: Linoleum

Electric Range
Electric Water Heater
Refrigerator

Cooling Features: Central Air, Electric
Heating Features: Central, Electric

Lot Description: .5 to < 1 Acre
Lot Size Acres: 0.743
Lot Size Square Feet: 32365

Parking Features: Off Street, Unassigned

Association: No
Calculated Total Monthly Association Fees: 0
Association Name: Highlander Apts

Number of Buildings: 1

Elementary School: Peebles
High School: Killeen
Middle School: Rancier
School District: Killeen ISD

Killeen High School is a public high school located approximately 1.4 miles away.
directions icon Map directions

Rancier Middle School is a public middle school located approximately 2.2 miles away.
directions icon Map directions

Maude Moore Wood Elementary School is a public elementary school located approximately 5.8 miles away.
directions icon Map directions

The Dove Christian Academy is a private elementary school located approximately 0.4 miles away.
directions icon Map directions

Gross Income: 182166.00

Source Listing Status: Active
County: Bell
Directions: Use GPS
Source Property Type: Residential Income
Insurance Expense: 13596
Source Neighborhood: Harbour
Parcel Number: 99293
Subdivision: Harbour
Property Subtype: Apartment
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$1,030,121 + $12,720
$1,042,841
$22,021
2022$581,025 + $12,720
$593,745
$23,783
2021$483,840 + $12,720
$496,560
$14,266
2020$594,480 + $12,720
$607,200
$16,638
2019$580,974 + $12,720
$593,694
$15,989
2018$461,315 + $12,720
$474,035
$14,573
2017$460,034 + $12,720
$472,754
$11,696
2016$367,507 + $12,720
$380,227
$11,674
2014$345,745 + $12,720
$358,465
$8,852
2013$285,876 + $12,720
$298,596
$9,339
2012$unknown + $unknown
$334,591
$7,370
2011$unknown + $unknown
$342,455
$8,259
2010$unknown + $unknown
$360,905
$8,358
2009$unknown + $unknown
$409,905
$8,620
2008$unknown + $unknown
$353,751
$9,801

Listed 2024-06-10
$1,954,000
NTREIS
Sold 2019-07-01
$0
Public Record

Net Operating Income: 90247

Year Built: 1971
Building Area Total: 16640
Construction Materials: Construction: Brick
Foundation Details: Slab
Levels: Two
Property Age: 53
Roof: Flat
Year Built Details: Preowned

Utilities: City Sewer, City Water, Electricity Connected, Master Water Meter
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.