Blair Street Apartments- PRICE REDUCED to $165,000

Multi-Family for Sale
Catylist Listing ID: 30029199
Number of Units: 10 Units
Building Size (RSF): 5,250 SF
Gross Land Area: 40,075 SF
Sale Price: $165,000
Unit Price: $16,500 Per Unit
Property Use Type: Investment
Building Name: Blair Street Apartments
Usable Size (USF): 5,250 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 9/18/2017

Overview / Comments

PROPERTY HAS A FORMER LAUNDRY ROOM AND ADJOINING COVERED CARPORT THAT COULD EASILY BE CONVERTED INTO ANOTHER APARTMENT. GOOD CASH FLOW PROPERTY. POTENTIAL OF OVER $18,000+ PER YEAR.

Property has NEW ROOF as of this week.

2016 Net Income $14,000

Additional Details

Nearest MSA: Killeen-Temple
County: Bell
Taxing Authority: Bell County Tax
Tax ID/APN: 55409
Zoning: R-3
Percent Occupied: 90%
Property Located Between: Avenue C and D
Highway Access: Business Hwy 190
Airports: Greater Killeen
Site Description: .917 acre fenced site close to Fort Hood.
Area Description: Low income area with other apartments nearby along with some single family homes.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1969
Year Renovated: 2002
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick four sides.
Parking Type: Surface
Parking Description: Off-street hard surface parking.
Sprinklers: None
Heat Type: Electricity, Other
Heat Source: Wall Units, Other
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: All but a couple of the units have ceramic tile flooring with sheetrock walls. Former laundry could be converted into 11th unit.
Zoning Description: R-3
Lot Frontage: 306
Lot Depth: 127
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: SPOFFORD, BLOCK 00D, LOT PT 2, (S 133.51' OF E 299.07' OF 2) AKA LT 6, 8 BLK 1 ROOT & BUSINESS PERSONAL PROPERTY, ACRES 0.917

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,588 90,519 156,084
Median Age: 26.63 26.89 27.22
Households: 6,022 32,925 55,002
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