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.

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

Listed 04/30/2026

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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%

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