DUGGER KILLEEN, TX 76543

Features

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Sale Type

This is a VA Home that the Department of Veteran's Affairs (DVA) has foreclosed on because the owner couldn't meet their payments. You are not required to be a serviceperson or even an owner-occupant to purchase these properties. Buyers interested in purchasing a VA-acquired property, should contact the listing agent or a local real estate broker of your choice to see the property.

Description

Desirable townhome-style income producing brick fourplex in Killeen. Well managed, upgraded and well maintained 2br/1.5ba & 3br/1.5ba units with very stable income, high occupancy rates and longer term tenants. Rents well above the norm for units in the area, even in comparison to other townhome-style quads, and with rent increases built into the leases. Spacious 1100 sqft units, upgraded flooring and other updates. Gross rents above $30,000 for several years and rising with 2024 pro forma gross rents above $45,000 if fully occupied. Pro forma cap rate at 10%+. A steady earner that still has substantial untapped upside. One unit being held open for potential VA buyer or owner occupants.Let your rental income pay your mortgage. Fort Hood produces thousands of steady, government-backed tenants. May not be as glamorous as Austin but if steady positive cash flow and stable, low maintenance property is the goal it's among the best small income property options in Central Texas. Smart long term add to your income portfolio or a great first investment.