Killeen Fully Occupied High Cashflow 12-Plex $895k

511 N Gilmer St, Killeen

ROI

26.51% IRR

Strategy

Long Term Rental

Currently producing $10,125 per month with all units occupied and rents ranging $815–$875 per door. Less than half a mile from Fort Hood, this is a uniform 2 bed / 1 bath layout across all units with major updates already completed including new roofs, interiors, fixtures, and paving, reducing near-term capex risk. Ownership has intentionally kept rents slightly below market to preserve full occupancy and support DSCR financing, leaving room to push rents over time. Seller can convert month-to-month tenants to 12-month leases if buyer desires.

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Killeen Fully Occupied High Cashflow 12-Plex $895k

Listed 02/16/2026

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511 N Gilmer St, Killeen

Purchase Price:$895,000

Cash Outlay:$241,650

Cashflow:$2,481/mo

Cap Rate:8.72%

IRR:26.51%

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