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$120,000

1505 Alamo Ave, Killeen, TX, 76541

On MarketInfo
Beds— Beds
Baths2 Bath
Baths1,759 Sq Ft
DuplexDuplex
price_per_sqft$68.22 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating OtherHeating Other
AppliancesGas Range, Refrigerator
FlooringLaminate, Vinyl

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN73082
SubdivisionCastle Heights (Blks K-Y)
Land UseResidential
Legal DescriptionCASTLE HEIGHTS (BLKS K-Y), BLOCK 00R, LOT 0037
Census Tract022600
Assessed Land Value$25,000
Assessed Improvement Value$118,365
Assessment Year2025

About this property

Looking for an investment opportunity in Killeen? This tenant-occupied duplex offers immediate rental income with both units currently leased! The property features two separate units with a combined 5 bedrooms and 2 bathrooms, private laundry rooms, and a chain-link fenced yard. Property Highlights: Unit 1: 3 Bedrooms | 1 Bathroom | Currently rented at $875/month Unit 2: 2 Bedrooms | 1 Bathroom | Currently rented at $625/month Total Monthly Rental Income: $1,500 Annual Gross Rental Income: $18,000 Both units currently tenant-occupied Brand-new windows throughout both units Central heating installed in 2023 Private laundry rooms for each unit Chain-link fenced yard With established tenants and recent improvements, this duplex offers an opportunity to add an income-producing property to your real estate portfolio. Whether you're expanding your investment portfolio or purchasing your first rental property, schedule your showing today!

Investor Tools

$87,333Estimated Mortgage Balance
$56,704Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$860 /month
Positive
Cash Flow Estimate:
$287 /month

Interested in this property?

Lisa-Marie McGaughey

McG Homestead Rentals & Sales

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,539
$143,365
2025
$25,000
$118,365
$143,365
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,539
$143,365

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Conventional
$96,000
No
First
Aug 16, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,333
$60,667
40%
61%
$576/mo

City: Killeen

1505 Alamo Ave | Property Details | No Agent List