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Killeen 23-Plex Cashflow Heavy $2M

411 E Central Texas Expy, Killeen
ROI
24.85% IRR
Strategy
Long Term Rental
2,000,000This is a 23-unit building. All units are 1 bed, 1 bath. Currently 20 of 23 units are occupied. Rent roll linked below. Property management is in place and will stay on after the sale for a new owner. Market rate rent is $975 per door. It's currently averaging $900 per door. The complex is located very close to Fort Cavazos, one of the largest military bases in the country for a consistent tenant pool. Taxes $42k.

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Killeen 23-Plex Cashflow Heavy $2M

Listed 04/15/2025

411 E Central Texas Expy, Killeen

Purchase Price:$2,000,000

Cash Outlay:$540,000

Cashflow:$4,819/mo

Cap Rate:8.73%

IRR:24.85%

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