Investor Opportunity - Fully Leased Fourplex Strong cash-flowing fourplex with all four units currently leased at $650/month, producing $2,600 in gross monthly income and $31,200 annually. With a cap rate of approximately 8%, this property offers investors a stable income-producing asset with consistent rental demand. Each unit is a 1 bedroom / 1 bathroom layout, a highly desirable configuration for workforce housing and long-term tenants. The property is currently performing with stable occupancy and reliable rental income already in place. Owner pays water, while tenants handle their own remaining utilities, helping keep operating costs manageable. This is a solid opportunity for investors seeking steady cash flow, stabilized occupancy, and an attractive cap rate in a small multifamily asset.
| MLS # | 605902 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1979 |
| Days On Site | 175 |
| Listing Provided By | Real Broker, LLC | Reganne Queen |
| SQ Feet | 1,952 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Acreage | 0.26 |
| Property View | None |
| Garage Yes / No | No |
|---|
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76543 |
| Community Name | Chimney Hill Estates 2nd Repla |
| Listing VS Median (in Chimney Hill Estates 2nd Repla) | |
Price: $269,550 low | high Med: $168,625 sqft: 1,952 low | high Med: 1,428 $ / sqft: $138 low | high Med: $120 On site: 175 low | high Med: 52 | |
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76543 |
| Community Name | Chimney Hill Estates 2nd Repla |
| Listing VS Median (in Chimney Hill Estates 2nd Repla) | |
Price: $269,550 low | high Med: $168,625 sqft: 1,952 low | high Med: 1,428 $ / sqft: $138 low | high Med: $120 On site: 175 low | high Med: 52 | |