Killeen CASH COW 31-Unit Multifamily $1.99M

209 Root Ave, Killeen

ROI

30.48% IRR

Strategy

Long Term Rental

Current gross income is $24,250 per month. Thirty of the thirty-one units are on twelve-month leases with one unit month-to-month. This is a true cash producer and something I would personally buy if prioritizing income over appreciation. All HVAC systems were updated or replaced in 2024, new roof in 2023. Tenants pay their own electric and many have been in place for several years with consistent renewals. There is an onsite office that can be converted into a thirty-second unit, plus a commercial laundry room that needs repair and is currently not being monetized.

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Killeen CASH COW 31-Unit Multifamily $1.99M

Listed 11/13/2025

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209 Root Ave, Killeen

Purchase Price:$1,990,000

Cash Outlay:$537,300

Cashflow:$6,771/mo

Cap Rate:10.07%

IRR:30.48%

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