FREE book: The Book on Texas Real Estate Investing — download now

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

224-228 Hold St, Killeen
ROI
29.79% IRR
Strategy
Long Term Rental
$15,685 per month in-place income across 26 fully occupied units gives this deal immediate cash flow at a low cost per door. The unit mix includes 12 one-bed units, 13 two-bed units, and 1 three-bed unit, with long-term leases already in place. This is a traditional, simple, high-cash-flow apartment building. The seller claims they have 10+ offers but is still accepting offers, so I think this is worth submitting around $1.2M.

Enter your email to download the proforma

< Back to Daily Deals

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

Listed 04/30/2026

224-228 Hold St, Killeen

Purchase Price:$1,200,000

Cash Outlay:$324,000

Cashflow:$3,910/mo

Cap Rate:9.75%

IRR:29.79%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Short Term Rental

Off-Market STR AirBnB Compound Producing $175k | $890k

20122 Canterbury Rd, Porter

Purchase Price:$890,000

Cash Outlay:$240,300

Cashflow:$3,309/mo

Cap Rate:10.30%

IRR:32.46%

Long Term Rental

Houston MSA Duplex Nearly 10% Cash-on-Cash | $591K

1762 E Peach Creek Dr, Dayton

Purchase Price:$591,000

Cash Outlay:$159,570

Cashflow:$1,191/mo

Cap Rate:7.25%

IRR:21.92%

Long Term Rental

DFW Duplex: Retail Buyers Pay $699K, SRC Clients Pay | $655K

6802-6804 Florence Dr, Midlothian

Purchase Price:$695,000

Cash Outlay:$187,650

Cashflow:$779/mo

Cap Rate:6.18%

IRR:16.56%

Mid Term Rental

North Dallas STR With $80K+ Proven Revenue | $490K

4219 Bendwood Ln, Dallas

Purchase Price:$490,000

Cash Outlay:$132,300

Cashflow:$351/mo

Cap Rate:6.70%

IRR:15.01%

Short Term Rental

Northwest Austin Quad 100% Occupied | $630K

1903 W Loop, Austin

Purchase Price:$630,000

Cash Outlay:$170,100

Cashflow:$619/mo

Cap Rate:7.02%

IRR:16.55%

Long Term Rental

Plano 5-Unit in a Premier Submarket | $950K

1607 M Ave, Plano

Purchase Price:$950,000

Cash Outlay:$256,500

Cashflow:$231/mo

Cap Rate:6.13%

IRR:12.25%