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.

Enter your email to download the proforma

< Back to Daily Deals

Killeen CASH COW 31-Unit Multifamily $1.99M

Listed 11/13/2025

Download the report Talk to an agent

209 Root Ave, Killeen

Purchase Price:$1,990,000

Cash Outlay:$537,300

Cashflow:$6,771/mo

Cap Rate:10.07%

IRR:30.48%

Talk to an agent about this property

Get a response in less than 24 hours.

Message

See other properties

Updated Today

Short Term Rental

DFW Lakefront STR Averaging $7K/mo | $450k

511 Lakeside Dr, Rockwall

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$950/mo

Cap Rate:8.37%

IRR:23.11%

Updated Today

Short Term Rental

Dallas STR With Long History of Proven Performance | $460K

3615 Mcbroom St, Dallas

Purchase Price:$460,000

Cash Outlay:$124,200

Cashflow:$996/mo

Cap Rate:8.43%

IRR:23.42%

Updated Today

Short Term Rental

Houston Off-Market Furnished STR | $530K

5407 Ariel St, Houston

Purchase Price:$530,000

Cash Outlay:$143,100

Short Term Rental

Grand Prairie Proven STR Revenue | $505K

313 Melorine Dr, Grand Prairie

Purchase Price:$505,000

Cash Outlay:$136,350

Short Term Rental

Houston Turnkey STR with $127k Annual Revenue | $575K

4749 Benning Dr, Houston

Purchase Price:$575,000

Cash Outlay:$155,250

Cashflow:$2,117/mo

Cap Rate:10.25%

IRR:32.24%

Long Term Rental

Houston (Rosharon) 7.8% Cap Rental | $300K

1242 Scarlet Creek Dr, Rosharon

Purchase Price:$300,000

Cash Outlay:$81,000