NoAgentList RatingHow are grades calculated?

121Days on Market

1view

$100,000

1308 Terrace Dr, Killeen, TX, 76541

$102,813 ARV

On Market

1 Bath

1,341 Sq Ft

Duplex

$74.57 / sqft

Built in 1958

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Range, Refrigerator, Range Hood, Water Heater, Range

FlooringCeramic Tile

Building Information

Year Built1958

Stories1

Roof Type105

Garage Spaces2

Land Information

APN112304

Lot Number4

SubdivisionKilleen Heights South Unit 1st Section

Land UseResidential

Legal DescriptionKILLEEN HEIGHTS SOUTH UNIT 1ST SECTION, BLOCK 009, LOT 0004, TERRACE APTS TERRACE APTS

Census Tract022501

Assessed Land Value$20,000

Assessed Improvement Value$80,600

Assessment Year2025

About this property

1308 Terrace Drive Is A Quaint Duplex with 1 Bed Room & 1 Bath Per Side! This Duplex Is Highlighted with Identical Apartments Featuring Ceramic Tile Flooring Throughout; A Living Room, Dining Room, 1 bedroom, 1 Bath and The Kitchen.. The Kitchen Boasts Of A Natural Gas Range, Vent-A-Hood, + A Refrigerator. Both sides Offer Central Heat & Air, Plus A Detached garage in back - Designed For 1 Car Per Side. Recent Updates Include: A Full Exterior Paint in 2025, New Roof in 2025, New Sewer Lines, New Water Lines, New Windows, Plus The Hot water Heaters are both only 2 years old, The left unit has a Brand New Privacy fence around its patio area; And the left unit been upgraded with a New Shower & Tub! The Garage is in Advanced Stages Of Deterioration & Needs To Either be Rebuilt or Removed. Washer and Dryer Hook-ups are currently in the garage's. Please no showings until the Option Period! Both Units Are Month To Month. Cash Or Conventional Only Please.

Investor Tools

$100,600

Estimated Property Value

$0Estimated Mortgage Balance

$100,600Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$102,813

Rent-to-Value Ratio: 0.72%

Rent Estimate

$604 /month

Positive

Cash Flow Estimate:

$201 /month

Interested in this property?

Vernon MacHardy

Coldwell Banker Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$205/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,959

$100,600

2025

$20,000

$80,600

$100,600

Tax History

Year

Tax Paid

Assessed Value

2024

$1,959

$100,600

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$100,600

100%

$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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