SoldDec 16, 2024

Listed by David Mosrie from Texas Ally Real Estate Group

Source: Austin Board of REALTORS #4732122

1404 Dugger Cir, Killeen, TX, 76543

Amount undisclosed

4440 sq. ft.
8712 sq. ft.

Duplex

30+ days on the market

Sold: Dec 16, 2024

What's around 1404 Dugger Cir

About this property

Desirable ?townhome-style? income producing brick fourplex in Killeen. Well managed, upgraded and well maintained 2br/1.5ba & 3b /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.

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