Killeen Fully Occupied High Cashflow 12-Plex $975k

511 N Gilmer St, Killeen

ROI

27.53% IRR

Strategy

Long Term Rental

Current income is $10,125 per month. New roofs, countertops, appliances, plumbing fixtures, paving and more. Less than 1/2 mile to Fort Hood, one of the largest military bases in the country. All units are the same 2 bed 1 bath layout. Rents per door range from $815 - $875. The owner has elected to keep rents slightly below market to maintain full occupancy allowing a buyer to use DSCR financing. No owner financing. Taxes $12,725.

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Killeen Fully Occupied High Cashflow 12-Plex $975k

Listed 11/04/2025

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511 N Gilmer St, Killeen

Purchase Price:$975,000

Cash Outlay:$263,250

Cashflow:$2,960/mo

Cap Rate:9.04%

IRR:27.53%

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