4007 Madison Drive Killeen, TX 76543

8,398 Sqft lot
0.19 Acre lot
Status: Active
Property Type: Quadruplex
Year Built: 2006
Neighborhood: Carla Kay Add Rep
Days on Website: 2

Courtesy of Greg Weber Realtor 512-423-3111

Description

Are you looking to start or expand your investment portfolio? This fully functional 4-plex at 4007 Madison Dr presents an excellent opportunity, even for VA and FHA buyers. With three out of four units currently leased, generating a gross rental income of $2,625 per month, the vacant unit allows owner-occupants to meet loan requirements while benefiting from rental income to offset their mortgage. Each unit features a spacious 2-bedroom with 1.5 bathroom layout and approximately 975 square feet of living space. The open floor plans, ample natural light, and functional designs make these units highly desirable for tenants and owner-occupants alike. Each unit also includes in-unit laundry connections and well-sized bedrooms, providing the space and convenience renters are looking for. This multi-family property offers immediate cash flow with the potential for increased rental income. Whether you are a seasoned investor or a first-time buyer looking to live in one unit while renting out the others, this property is a solid investment for long-term financial growth. Don't miss out on this opportunity—schedule your showing today. **Seller has recent Home Inspection Report!.

Open House

Property Details and Features

  • Road Frontage Type: CityStreet
  • Bathrooms Total Integer: 0
  • Construction Materials: Masonry
  • Living Area Source: Appraiser
  • Accessibility Features: None
  • Foundation Details: Slab
  • Water Body Name: None
  • Interior Features: CeilingFans
  • Listing Terms: Cash,Conventional,FHA,VaLoan
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • City: Killeen
  • County Or Parish: Bell
  • Parcel Number: 368787
  • Possession: ClosingAndFunding
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • View: None
  • Tax Block: 1
  • Tax Legal Description: CARLA KAY ADDITION REPLAT, BLOCK 001, LOT 0004
  • Tax Lot: 4