506 Esther Circle, Killeen, TX 76543
- $360,000
- 4,216
- SqFt
- List Price
- $360,000
- MLS#
- 626598
- Status
- ACTIVE
- County
- Bell
- City
- Killeen
- Subdivision
- Colonial Heights
- Living Area
- 4,216
- Acres
- 0.23
- Property Subtype
- Quadruplex
Property Description
Property Type: Large Fourplex (approx. 4,216 sq. ft.) Unit Configuration: Four 2-bedroom, 1-bathroom townhouse-style units Investment Highlights Strong Cash Flow & Stability: Consistent income with long-term, low-maintenance tenancy and proven high rental demand. Spacious Townhouse Layouts: Each unit features functional layouts, generous square footage, ample natural light, and tenant-friendly amenities that ensure high occupancy rates. Unit-by-Unit Breakdown Unit 1 Current Rent: $850/month (Increasing to $875/month effective November 1, 2026) Tenancy: Long-term tenant in place since 2023 (currently month-to-month). Flexibility: Option for the buyer to renew the lease or transition the tenant if owner-occupancy of Unit 1 is desired. Unit 2 Current Rent: $825/month Lease Term: Tenant in place since January 2025, lease expires January 31, 2027 (tenant has expressed no intention to leave). Unit 3 Current Rent: $825/month Lease Term: Tenant in place since mid 2025, lease expires May 31, 2027. Unit 4 Current Rent: $875/month- expires 7.31.27. Tenant is there from mid 2025. Operational Summary Maintenance History: The property and its tenants have required minimal maintenance over the past several years, ensuring efficient management and protected net operating income.
Additional Information
- Days on Market
- 1
- Year Built
- 1980
- Style
- None
- Stories
- 2
- Interior Features
- Ceiling Fan(s), Other, See Remarks
- Cooling
- Central Air
- Heating
- Central
- Roof
- Composition, Shingle
- Pool Description
- None
- School District
- Kilgore ISD
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Listing courtesy of Central Metro Realty, LLC.