703 N Gilmer ST #1-14 Killeen, TX 76541

FULLY RENTED, TURN KEY 14 UNIT READY FOR A NEW INVESTOR! In the last few months, the owners have spent $38,650 doing renovations and upgrades on 8 units, repainted the entire property, tons of exterior work, and replaced the entire roof, framing on up. The work on the units allowed for increases in rent totaling $665 per month, $7,980/yr. Not ALL units are fully renovated, so there is plenty of room for a new investor to finish these out, increase the rent & maximize their return. The property is fully occupied, so these upgrades, if wanted, can be done gradually. Current rents total $5,830 per month, Total Potential Annual of $69,960. ***YOU'RE RESPONSIBLE TO DO YOUR OWN DUE DILIGENCE, THE FOLLOWING ARE ESTIMATES*** Annual Expenses: Vacancy(@5%): ($3,498) | Water/Trash:($4,404) | Electric:($216) | Maintenance & Upkeep:($2,400) | Taxes:($3,638) | Insurance:($2,143) | Management:($5,316) | *Estimated* Total:($18,118). *Estimated* NOI:$48,343. *Estimated* CAP:9.7%