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Turnkey property for sale in Killeen, TX

Check our updated investment properties for sale in Killeen, TX. The real estate deals have been wisely curated by our team for you to achieve a cashflow-positive property investment. Added, investment tips and performance data in Killeen, TX.

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Long Term Rental

Killeen 26-Unit Turnkey Apartment Building $15,685/mo $1.2M

224-228 Hold St, Killeen

Purchase Price:$1,200,000

Cashflow:$3,910/mo

Cap Rate:9.75%

Long Term Rental

Killeen Fully Occupied Quadplex $360k

1112 Shanarae Cir, Killeen

Purchase Price:$360,000

Cashflow:$596/mo

Cap Rate:7.38%

Long Term Rental

Killeen Cashflowing Tenant-Occupied Quadplex $350k

4007 Madison Dr, Killeen

Purchase Price:$350,000

Cashflow:$290/mo

Cap Rate:6.98%

Long Term Rental

Killeen Fully Occupied Cashflowing Turnkey Duplex – $330k

1401 Loyal Ln, Killeen

Purchase Price:$330,000

Cashflow:$526/mo

Cap Rate:7.31%

Long Term Rental

Killeen 1% Rule Cashflowing Quadplex – $410k

4409 Alan Kent Dr, Killeen

Purchase Price:$410,000

Cashflow:$952/mo

Cap Rate:8.18%

Long Term Rental

Killeen Fully Occupied Duplex $295k

3002 Honeysuckle Cir, Killeen

Purchase Price:$295,000

Cashflow:$432/mo

Cap Rate:7.59%

Long Term Rental

Fully Renovated 21 Unit Gated Apartment Complex Minutes from Fort Hood

1204-1208 Bundrant Dr, Killeen

Purchase Price:$1,400,000

Cashflow:$2,007/mo

Cap Rate:7.73%

My Crucial Tip To Purchase Investment Properties In Killeen, TX.

My Crucial Tip to Turnkey property for sale in Killeen

If you are looking for turnkey properties for sale in Killeen, beware of a common problem in the city. With the large stock of older housing, it is not uncommon to encounter properties that have undergone so-called ‘lipstick renovations’. This is particularly common in older properties from the likes of downtown Killeen, so it is important to have thorough home inspections carried out before considering a purchase. Finding cash flowing turnkey properties for sale is difficult in most markets, and Killeen is no exception. There are opportunities to find cheaper housing stock here, but the better approach is usually to focus on long-term buy-and-hold strategies that revolve around properties in need of updating. With the city’s military presence, rental demand is high, so your vacancy rates should stay low to ensure the rental income remains consistent. Work with us as your investor-friendly real estate agents and we will help explore prospects in the city.

Killeen Investment performance and average price

Avg Purchase Price Avg Cap Rate Avg Cash on Cash Return Avg Cash Needed to close
Commercial 5+ units LTR 125k - 200k per door 4% - 7% 0%-5% (assumes 25% down payment) $45,000 per door
Short Term Rental (SFH) 350k - 550k 7% - 9% 8% - 12% $92,500 (furnished)
STR (2-4 Units) 175k - 225k per door 8% - 10% 9% - 13% $51,500 per door (furnished)
Long Term Rental (2-4 Units) 150k - 200k per door 3% - 5% 0% - 5% $48,000 per door
Long Term Rental (SFH) 275k - 350k 0% - 4% 0% - 4% $71,500
Househack (2-4 Units) 150k - 200k per door n/a n/a $12,250 per door
Househack (SFH) 300k - 400k n/a n/a $17,500

Frequently asked questions

I Am Ready to Invest. What Should Be My Next Step Toward Buying Turnkey property for sale in Killeen?
We are thrilled that you are here! If you are exploring the possibility of investing in Turnkey property for sale in Killeen, our team is waiting to hear from you. During your introductory consultation, we will chat about your goals, try to pin down your search criteria, and answer any questions you might have. We can also recommend our preferred lenders to begin the pre-approval process and get you ready to submit offers based on our findings in the local real estate market.
Do You Personally Invest in Turnkey property for sale in Killeen and Other Markets?
Yes. Every member of our team is an active real estate investor. Victor acquires multiple properties annually, including Turnkey property for sale in Killeen, with a portfolio that includes single-family homes, multi-family properties, and more. The strategies we recommend are the exact ones that we personally use.
How Many Clients Do You Work With Who Are Interested in Turnkey property for sale in Killeen?
Currently, we keep our Active Investor list limited to 30 clients at a time. This way, we can ensure we can offer equal attention and a personalized experience for all. If you are working with us to seek Turnkey property for sale in Killeen, we will review your file daily and deliver curated prospects aligned with your goals. We only work with engaged clients and aim for consistent communication.
Do You Work With Investors Looking for 5+ Units Turnkey property for sale in Killeen?
Absolutely! We are happy to help clients who wish to purchase Turnkey property for sale in Killeen that include 5+ unit multifamily buildings. However, we consider 2-4 units to be the gold standard for such endeavors. Cap rates have improved for these larger assets as interest rates have increased, so there are strong acquisition opportunities at present.
Is It Still Possible to Find Cash-Flowing Turnkey property for sale in Killeen?
Yes, but it is crucial to adapt the strategy to the local market. This is where we come in, as we have a strong first-hand knowledge of local markets when exploring Turnkey property for sale in Killeen. Let us do the work in comparing traditional long-term rentals versus short- or medium-term strategies to find the perfect approach in this location. We will align your acquisition of Turnkey property for sale in Killeen with a management strategy that supports your income goals.
I Am an Out-of-State Investor. Can I Still Buy Turnkey property for sale in Killeen?
Of course! In fact, many of our clients are based outside of Texas. We have honed an efficient system to support out-of-state investors with things like remote video walkthroughs, electronic document signing, and mobile notary services. We make it easy to purchase Turnkey property for sale in Killeen with confidence from anywhere in the country with no need to travel.
How Many People Are on Your Team, and Will I Work With You Directly When Searching for Turnkey property for sale in Killeen?
Our team consists of seven full-time professionals, including four investor-focused agents, a real estate analyst, and a closing coordinator. We are also supported by a professional network of trusted contractors and others who are crucial to the process, assisting with legal and tax consultancy, recommendations for improvements, and more. If you are pursuing Turnkey property for sale in Killeen, you will work directly with Victor in the initial stages, but the full team will be at your disposal.
Are There Turnkey property for sale in Killeen by Owner?
We are very experienced at tracking down Turnkey property for sale in Killeen that are listed directly by the owners. These types of listing can occasionally offer unique opportunities, but you will need our help to perform due diligence and full legal compliance. Let us help you evaluate these opportunities to ensure they align with your investment goals.
Where Can I Find Cheap Turnkey property for sale in Killeen?
The cheapest Turnkey property for sale in Killeen are usually found in emerging neighborhoods, older subdivisions, or through off-market deals. These properties may require some light renovation, but they often present opportunities for robust long-term cash flow. Work with our team to identify undervalued assets that match your budget and offer strong returns.
Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?

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Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?

Schedule a call
Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?