Killeen 23-Plex Heavy Cashflow $1.75M

411 E Central Texas Expy, Killeen

ROI

18.77% IRR

Strategy

Long Term Rental

22 of 23 units occupied with average rents of $915 per door, producing ~$21,050 per month once fully leased. The laundry facility adds another $250 per month on average. Unit mix is 22 one-bed/one-bath layouts, 1 efficiency apartment, 1 coin-operated laundry room. New roof 2023. All units are updated as shown in the virtual tour. Rent roll and t12 linked below. Virtual tour of vacant unit linked below. Several tenants have been in place 10+ years, making this a stabilized asset with most 12-month leases running into 2026. Property management is already in place and can stay on (strong local operator in Killeen). Current assessed value is $2.08M; taxes should be protested post-sale and settle around ~$35k.

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Killeen 23-Plex Heavy Cashflow $1.75M

Listed 02/05/2026

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411 E Central Texas Expy, Killeen

Purchase Price:$1,750,000

Cash Outlay:$472,500

Cashflow:$2,521/mo

Cap Rate:7.12%

IRR:18.77%

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