$2,342,000
For more information regarding the value of a property, please contact us for a free consultation.
27,560 SqFt
SOLD DATE : 01/13/2021
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 27,560 sqft
Price per Sqft $67
Subdivision Spofford
MLS Listing ID 423615
Sold Date 01/13/21
Style None
Construction Status Resale
HOA Y/N No
Year Built 1970
Lot Size 0.921 Acres
Acres 0.921
Property Description
RENOVATED 34 UNIT COMPLEX awaiting its new owner! 90% of units have been completely overhauled over the past 2 years, with the final unit being completed at the end of October! The property has 4 one beds (560sqft), 16 two beds (740sqft), and 14 three bed/2 bath units (1,040sqft)! Rents range from $600-$650 for the one-beds, $675-$800 for the two-beds, and $700-$850 for the 3 beds. Rents have increased incrementally every 6 months and not all are at the current market rents - easy value add as leases expire & renew at market rents. Same with back billing for water - just started in 2020 & only 16 units pay water each month. Over $600,000 has gone into renovated the property and all the units - 4 units were completely rebuilt from the studs up, all the rest have new flooring, paint, counters, refinished/new cabinets, baseboards, vanities, light fixtures and more. Most units have new HVAC systems, Appliances & water heaters. PROFORMA Sale - discounted accordingly - 75% Occupied presently
Location
State TX
County Bell
Rooms
Ensuite Laundry None
Interior
Interior Features Ceiling Fan(s), Double Vanity, Open Floorplan, Tub Shower, Vanity, Walk-In Closet(s), Kitchen/Family Room Combo, Solid Surface Counters
Laundry Location None
Heating Central
Cooling Central Air
Flooring Laminate, Tile, Carpet Free
Fireplaces Type None
Fireplace No
Appliance Electric Range, Oven, Refrigerator, Some Electric Appliances, Built-In Oven
Laundry None
Exterior
Fence Chain Link
Pool None
Utilities Available Electricity Available, Separate Meters, Trash Collection Public
Waterfront No
View Y/N No
Water Access Desc Public
View None
Roof Type Composition,Shingle
Accessibility Accessible Doors
Building
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style None
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools East Ward Elementary School
Middle Schools Fairway
High Schools Killeen High School
School District Killeen Isd
Others
Tax ID 101260
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Dagmar Rogers • All Texas Homes LLC
Find out why customers are choosing LPT Realty to meet their real estate needs