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36 Units Apartments In Killeen Texas

Updated: May 20



SELLER FINANCING!!!!!!!! SELLER FINANCING!!!!!!!!!!!


JUST REHABBED and NOW FULLY OCCUPIED!

SELLER FINANCING AVAILABLE!

Off Market

Value Added

36 Units

Class C

Location: KILLEEN, TEXAS

154 MILES SOUTH OF DALLAS

JUST 25% DOWN (SELLER TO BE FIRST POSITION ONLY)

Multi Family

Apartments

Building Size: 22,864 SF


SUPER HARD TO FIND SELLER IN THIS MARKET

OPPORTUNITY KNOCKS


Asking Price: $1,785,000 + 4% buyers fee


PURCHASE PRICE PER THE SELLER AT $1,785,000, BUYER TO PAY A 4% REAL ESTATE COMMISSION

OR SHOULD THE BUYER CHOOSE TO HAVE THE SELLER PAY THE COMMISSION THE PRICE IS $1,856,400 (DELIVERABLE WHILE AVAILABLE) Nearby Schools

  • West Ward Elementary School

  • Nolan Middle School

  • Killeen High School. ALL UNITS ARE AVAILABLE TO BE PURCHASED WITH A SELLER CARRYBACK

All 1 Bed, 1 Bath (Avg. 550 sqft)

Rent: $495/mo each

100% OCCUPIED CURRENT NOI $128,494

FOR A WALK-IN CAP RATE OF 7.2%

GET THE RENTS UP WITH UNIT/LANDSCAPING UPGRADES THE PROFORMA CAP INCREASES TO MID TO HIGH 9s PROPERTY IS LOCATED THREE MILES FROM THE FT. HOOD ARMY BASE.

Great for Military Population. VALUE ADDED.....VALUE ADDED......VALUE ADDED.....VALUE ADDED.....VALUE ADDED


Please read the following and check the link below. This property is just recently undergone full rehab and after only a few months is now fully occupied per the owner! The property will soon go to an on market status at a price of $2M, however, the owner will possibly consider a discount on the price while the property seasons with stability. The Seller will also finance the deal short term with 25% down payment, 6% interest, 30 year amortization, 12 month term. This will allow a new owner to get into the deal, establish himself and refinance shortly thereafter. As the property seasons, the price may become more firm, therefore now is the time to jump on this opportunity. Lending rates for bridge financing are also very low as we all know. Only proforma information is available until an acceptable offer is submitted. Call to discuss in more detail.


Highlights:

  • Seller Financing!

  • Fully rehabbed and rent ready

  • C-Class multifamily asset

  • Early 1970s vintage

  • Lease up is complete and now 100% occupied!

  • Any vacant units will be ready to lease

  • Building 1 – Single story - 12 units with separate meters for ALL utilities (electricity/water/sewer/trash/gas)

  • Building 2 – Two stories - 24 units with separate meters for electricity (no gas) Improvements include: New roofs, parking lot reseal and restripe, exterior paint, A/C units, hot water heaters, appliances, fixtures, faux wood vinyl plank and ceramic tile flooring, ceramic tile backsplashes, two-tone paint scheme, ceiling fans, fixtures, cabinets, etc. (over $200,000)

  • UPSIDE: Complete stabilization and continue seasoning

  • UPSIDE: Raise rental rates to market after stabilization

  • UPSIDE: Implement RUBBS for remaining water/sewer/trash utilities

THIS PORTFOLIO SALE IS OFF THE MARKET

MUST STAY OFF THE MARKET

PLEASE DO NOT LET THIS PORTFOLIO GO VIRAL

DEAR BUYER, THIS IS OFF MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE.


To recieve the address and financial's the buyer must sign an NCND, LOI and include the POF and/or Bio.


PLEASE NOTE: THE SELLER MAY HAVE PROVIDED HISTORICAL FINANCIALS UPFRONT. THE SELLER "IS NOT" ASKING THE POTENTIAL BUYER TO PROVIDE A PSA AND ESCROW DEPOSIT UPON THE RECEIPT OF THE OFFERING MEMORANDUM, JUST AN LOI SHOWING THE BUYER'S INTEREST, BUYER'S INVESTMENT BIO, BUYER SIGNED MASTER FEE AGREEMENT AND THE FACT THAT THE BUYER IS FINANCIALLY CAPABLE. GIVEN THAT IF THE BUYER CHOOSES TO DO THE PREVIOUS PROTOCOL AND PROOF UP ATTORNEY TO ATTORNEY, THAT IS THE BUYER'S OPTION. ONCE PROOFED UP, THE SELLER WILL PROVIDE SOME OF THE UPDATED AND THEN THE SELLER WILL PROVIDE ABSOLUTELY EVERYTHING IN FORMAL DUE DILIGENCE. BUYER & SELLER PARTICIPATION MUST BE A TWO STREET. TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO.  THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT.


PLEASE  NO TRANSACTIONAL FUNDING




AP

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