Villa Capri Apartments
908 Adams Avenue, Killeen, TX
16.56% return
SP:
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Property Description

INSANE OPPORTUNITY!!! 

58 unit apartment complex. Brick construction. Newer TPO roof. Central A/C. Separate electric meters. City water and sewer. Swimming pool was redone recently.

Only 1 hour away from Austin, TX and 5 minutes away from Fort Hood military base, third largest in United States.

Very inexpensive to operate. Building is in great condition, only minor cosmetic improvements are needed. 

This building will generate a 13%+ net return on investment!! 

Property will appreciate quickly as a result of growth happening in Killeen and neighboring Austin.

Do not wait, call us ASAP for showings and to place an offer.

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units58
  • Total bedrooms66
  • Total bathrooms59
  • Building size34047 sq. ft.
  • Lot size1.8 acres
  • Year built1965
  • CountyBell County
  • Subdivision
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $1,850,000
  • Estimated rehab 1 $250,000
  • Total investment $2,100,000
  • Type Proforma
  • After repair value $2,900,000
  • Potential profit $800,000
  • Gross income (annually) $445,500
  • Operating expenses (annually) $97,718
  • Net income (annually) $347,782
  • Gross return 21.21%
  • Gross income (monthly) $37,125
  • Operating expenses (monthly) $8,143
  • Net income (monthly) $28,982
  • Net return 16.56%

Property Income & Expenses

  • Income
  • Unit 101: 1 bed / 1 bath $625/month $7,500/year
  • Unit 102: 1 bed / 1 bath $625/month $7,500/year
  • Unit 103: 2 bed / 1 bath $725/month $8,700/year
  • Unit 105: 2 bed / 1 bath $725/month $8,700/year
  • Unit 106: 1 bed / 1 bath $625/month $7,500/year
  • Unit 108: 3 bed / 2 bath $900/month $10,800/year
  • Unit 110: 1 bed / 1 bath $625/month $7,500/year
  • Unit 111: 1 bed / 1 bath $625/month $7,500/year
  • Unit 112: 2 bed / 1 bath $725/month $8,700/year
  • Unit 114: 2 bed / 1 bath $725/month $8,700/year
  • Unit 115: 1 bed / 1 bath $625/month $7,500/year
  • Unit 116: 1 bed / 1 bath $625/month $7,500/year
  • Unit 117: 1 bed / 1 bath $625/month $7,500/year
  • Unit 118: 1 bed / 1 bath $625/month $7,500/year
  • Unit 119: 1 bed / 1 bath $625/month $7,500/year
  • Unit 120: 1 bed / 1 bath $625/month $7,500/year
  • Unit 121: 2 bed / 1 bath $725/month $8,700/year
  • Unit 123: 2 bed / 1 bath $725/month $8,700/year
  • Unit 124: 1 bed / 1 bath $625/month $7,500/year
  • Unit 125: 1 bed / 1 bath $625/month $7,500/year
  • Unit 126: 1 bed / 1 bath $625/month $7,500/year
  • Unit 127: 1 bed / 1 bath $625/month $7,500/year
  • Unit 128: 1 bed / 1 bath $625/month $7,500/year
  • Unit 130: 1 bed / 1 bath $625/month $7,500/year
  • Unit 131: 1 bed / 1 bath $625/month $7,500/year
  • Unit 132: 1 bed / 1 bath $625/month $7,500/year
  • Unit 201: 1 bed / 1 bath $625/month $7,500/year
  • Unit 202: 1 bed / 1 bath $625/month $7,500/year
  • Unit 203: 1 bed / 1 bath $625/month $7,500/year
  • Unit 204: 1 bed / 1 bath $625/month $7,500/year
  • Unit 205: 1 bed / 1 bath $625/month $7,500/year
  • Unit 206: 1 bed / 1 bath $625/month $7,500/year
  • Unit 207: 1 bed / 1 bath $625/month $7,500/year
  • Unit 208: 1 bed / 1 bath $625/month $7,500/year
  • Unit 209: 1 bed / 1 bath $625/month $7,500/year
  • Unit 210: 1 bed / 1 bath $625/month $7,500/year
  • Unit 211: 1 bed / 1 bath $625/month $7,500/year
  • Unit 212: 1 bed / 1 bath $625/month $7,500/year
  • Unit 213: 1 bed / 1 bath $625/month $7,500/year
  • Unit 214: 1 bed / 1 bath $625/month $7,500/year
  • Unit 215: 1 bed / 1 bath $625/month $7,500/year
  • Unit 216: 1 bed / 1 bath $625/month $7,500/year
  • Unit 217: 1 bed / 1 bath $625/month $7,500/year
  • Unit 218: 1 bed / 1 bath $625/month $7,500/year
  • Unit 219: 1 bed / 1 bath $625/month $7,500/year
  • Unit 220: 1 bed / 1 bath $625/month $7,500/year
  • Unit 221: 1 bed / 1 bath $625/month $7,500/year
  • Unit 222: 1 bed / 1 bath $625/month $7,500/year
  • Unit 223: 1 bed / 1 bath $625/month $7,500/year
  • Unit 224: 1 bed / 1 bath $625/month $7,500/year
  • Unit 225: 1 bed / 1 bath $625/month $7,500/year
  • Unit 226: 1 bed / 1 bath $625/month $7,500/year
  • Unit 227: 1 bed / 1 bath $625/month $7,500/year
  • Unit 228: 1 bed / 1 bath $625/month $7,500/year
  • Unit 229: 1 bed / 1 bath $625/month $7,500/year
  • Unit 230: 1 bed / 1 bath $625/month $7,500/year
  • Unit 231: 1 bed / 1 bath $625/month $7,500/year
  • Unit 232: 1 bed / 1 bath $625/month $7,500/year
  • Total $37,125/month $445,500/year
  • Expenses
  • Water bill $1,750/month $21,000/year
  • Property Taxes $1,627/month $19,518/year
  • Electric bill $500/month $6,000/year
  • Insurance $417/month $5,000/year
  • Pest Control $200/month $2,400/year
  • Pool Maintenance $150/month $1,800/year
  • Property Management $1,500/month $18,000/year
  • Maintenance reserve $2,000/month $24,000/year
  • Total $8,143/month $97,718/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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