815 N 8th Street, Killeen, TX 76541
sale
$599,900
|
Other
Courtesy Of Real Broker, LLC
Turnkey Multi-Tenant Investment Opportunity | Value-Add Upside This fully leased B-5 Commercial Plaza presents an exceptional opportunity for investors seeking immediate cash flow with future rent growth potential. The property consists of 5,555 SF of retail/commercial space divided into five suites, currently 100% occupied by three established tenants, generating $4,300 per month ($51,600 annually) in current rental income. Built in 2004, the plaza sits on a highly visible corner lot encompassing approximately 0.43 acres and offers abundant on-site parking, excellent access, and strong exposure to surrounding commercial and residential traffic. The flexible multi-suite layout accommodates a variety of retail, office, service, and community-focused businesses, while five separate HVAC units provide efficient operation and tenant flexibility. This stabilized asset offers investors the advantage of day-one cash flow with a compelling value-add opportunity. Current rents provide solid income today, while the property's pro forma potential of approximately $6,000 per month ($72,000 annually) highlights a clear path to increased revenue through lease renewals, rent adjustments, and optimized tenant mix. The upside represents a potential increase of over 39% in gross monthly income, making this an attractive opportunity for investors seeking both stability and growth.
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Property Features
- Age: 21-30 Years Old
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Masonry
- Exterior Type: BrickVeneer
- Exterior Type: MetalFrame
- Floor Covering: Combination
- Floors: 1
- Heating System: Electric (Heating)
- Legal Description: KILLEEN ORIGINAL, BLOCK 037, LOT 0002
- MLSID: 626846
- Roof Type: Flat
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