2107 Schorn Dr Killeen, TX 76542

Property Details for 2107 Schorn Dr

Year built

2006

Lot size

0.47 lot acres

Property size

2,846 SF

Property type

Commercial real estate

Description

This exceptional 2006-built duplex in South Killeen, Texas presents a compelling investment opportunity. Situated on a 0.47-acre lot in a highly sought-after single-family neighborhood, this property boasts two 3-bedroom, 2-bathroom units, each with a one-car garage and washer/dryer hookups. The units, totaling 2,846 square feet, are currently 100% occupied with long-term tenants (3+ years) under one-year leases. Utilities are separately metered, minimizing landlord expenses. The property features a new roof (2024) and benefits from its proximity to an elementary school, contributing to tenant stability. The current Net Operating Income (NOI) stands at $20,922, with a pro-forma NOI of $27,365, reflecting a potential for significant income growth. A value-add opportunity exists by converting the garages into additional bedrooms, potentially increasing rental income by at least $300 per unit. This turnkey property is priced at $299,000, representing a compelling $105.06 per square foot and a 7% cap rate (8.6% pro-forma). The property is zoned residential and offers a rare combination of location, condition, and income potential, making it ideal for a savvy investor, VA buyer, or first-time investor considering owner-occupancy. This is a truly unique opportunity in the Killeen market.

Location Insight

City

Killeen

County

Bell

State

Texas

Longitude

-97.7312806

Latitude

31.063914