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Cashflow 4plex - 8+% CAP 806 Sissom Rd 4 Unit Apartment Building $569,350 CAD ($142,337 CAD/Unit) 7.55% Cap Rate Killeen, TX 76541
Investment Highlights
- Tenant Occupied at $3,000/mo
- Turnkey Rental Property
- I-14 Expansion
- Immediate CashFlow
- Largest Military Base in the Nation - Ft. Hood
- Metal Roof and TurnKey Renovated
Executive Summary
100% Occupied, TurnKey 4plex - No showings until executed contract.
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/CopperasCove/Temple metro is home Ft. Hood, the largest military base in the nation.
https://www.military.com/base-guide/fort-hood
https://www.interstate-guide.com/i-014/
Unit 1: 2/1 ($800) - Tenant moved in Nov 2022-Oct 2023. Renewing at $800 Nov 2023-Oct 2024. Unit had full renovation in June 2021 (new carpet, paint, etc.)
Unit 2: 2/1 ($750) - Tenant renewing Dec 2022 -Nov 2023. Unit had full renovation in Nov 2021 (new waterproof LVP, paint, etc.)
Unit 3: 2/1 ($750) - Renewed from Feb 2023-Feb 2024. Unit in very good condition.
Unit 4: 2/1 ($700) - Renewed from Feb 2023-Jan 2024. Unit had full renovation January 2021 (new carpet, paint, etc.)
Please note this 4plex has a METAL roof. HVACs are relatively newer. No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $2,100 represents only insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Quiet neighborhood, close to major road Business 190 and current project for Interstate 14 expansion. The Killeeen/CopperasCove/Temple metro is home Ft. Hood, the largest military base in the nation.
https://www.military.com/base-guide/fort-hood
https://www.interstate-guide.com/i-014/
Unit 1: 2/1 ($800) - Tenant moved in Nov 2022-Oct 2023. Renewing at $800 Nov 2023-Oct 2024. Unit had full renovation in June 2021 (new carpet, paint, etc.)
Unit 2: 2/1 ($750) - Tenant renewing Dec 2022 -Nov 2023. Unit had full renovation in Nov 2021 (new waterproof LVP, paint, etc.)
Unit 3: 2/1 ($750) - Renewed from Feb 2023-Feb 2024. Unit in very good condition.
Unit 4: 2/1 ($700) - Renewed from Feb 2023-Jan 2024. Unit had full renovation January 2021 (new carpet, paint, etc.)
Please note this 4plex has a METAL roof. HVACs are relatively newer. No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own. No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $2,100 represents only insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$51,254
|
$14.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,254
|
$14.80
|
| Taxes |
$5,268
|
$1.52
|
| Operating Expenses |
$2,990
|
$0.86
|
| Total Expenses |
$8,258
|
$2.39
|
| Net Operating Income |
$42,997
|
$12.42
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $51,254 |
| Annual Per SF | $14.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,254 |
| Annual Per SF | $14.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,268 |
| Annual Per SF | $1.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,990 |
| Annual Per SF | $0.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,258 |
| Annual Per SF | $2.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $42,997 |
| Annual Per SF | $12.42 |
Property Facts
| Price | $569,350 CAD | Apartment Style | Garden |
| Price Per Unit | $142,337 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,462 SF |
| Cap Rate | 7.55% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $569,350 CAD |
| Price Per Unit | $142,337 CAD |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.27 AC |
| Building Size | 3,462 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $978.81 CAD | 865 |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 76690 | Total Assessment | $276,906 CAD (2025) |
| Land Assessment | $77,534 CAD (2025) | Annual Taxes | $5,268 CAD ($1.52 CAD/SF) |
| Improvements Assessment | $199,372 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
76690
Land Assessment
$77,534 CAD (2025)
Improvements Assessment
$199,372 CAD (2025)
Total Assessment
$276,906 CAD (2025)
Annual Taxes
$5,268 CAD ($1.52 CAD/SF)
Tax Year
2023
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Presented by
Ruchi Mithal, Broker
Cashflow 4plex - 8+% CAP | 806 Sissom Rd
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