For Sale 76541 Killeen
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Fantastic investment opportunity in Killeen, TX along the I-35 Hwy corridor, just an hour north of Austin. This 16-unit complex cash flows in as-is condition, with potential for 10-20% rent increases. Close to Fort Hood military base and Samsung $17 billion chip plant that expects to bring in 3,000 new jobs. Killeen ranks as one of the most affordable and fastest growing cities in Texas (GoBankingRates report, 2024). All units 1 bedroom, 1 bathroom; ~ 525 sqft. One unit recently renovated, one in process of make-ready—other 14 units could use updates, currently cash flows as-is. First year property management fees are waived if buyer chooses to continue with current management. 2023 Gross Rental Income: $95,054; NOI: $69,829; 7.5% CAP. Potential for rent increases with updated renovations. Uncovered parking and individual AC & heat in each unit.
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
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