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Killeen CASH COW 31-Unit Multifamily $1.99M

209 Root Ave, Killeen
ROI
32.51% IRR
Strategy
Long Term Rental
This is a very high cash producer in Killeen with current gross income of $24,250 and 30 of 31 units on 12-month leases. All HVAC systems were updated or replaced in 2024, tenants pay their own electric, and many residents have been in place for years and continue to renew. The onsite office can be converted into a 32nd unit for additional income, and there’s a commercial laundry space that needs repair and offers easy upside. We’ve done multiple deals with this seller. They price at their absolute bottom and do not negotiate. You’re welcome to submit any offer, but anything below $1.99M will likely not be considered. The property has been optimized over the last 2 years to be one of Texas' cleanest mid-sized multi family cashflow plays. I'm working through all of the leases and aim to have them uploaded to the Due Diligence file by EOD. Water averages $10k annually, insurance $9k, taxes $25,436.

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Killeen CASH COW 31-Unit Multifamily $1.99M

Listed 11/13/2025

209 Root Ave, Killeen

Purchase Price:$1,990,000

Cash Outlay:$537,300

Cashflow:$7,795/mo

Cap Rate:10.10%

IRR:32.51%

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