20-Unit Apartment Building, 20% CoC+, Killeen 76541 Pending

  • $325,000.00
  • 20 beds
  • 20 baths
  • 11,032 sqft

20-Unit Apartment Building, 20% CoC+, Killeen 76541

Good reposition and cash-flow opportunity. This self-managed apartment complex includes 20x 1-bed, 1-bath units located in three separate 2-story buildings. The property was reacquired in November after a two-year seller finance arrangement. The current owner has completed minor updates to several units and plans on renting the remaining 4 vacant units prior to close (avg. rents of $360/mth).


  • Offer Price: $325k
  • ARV: $450k+
  • Current monthly gross rents $5,765 (at 80% occupancy)
  • Potential monthly gross rents $8,000 (less vacancy)
  • Repairs $1500-2000 per unit ( assumes further interior/exterior updates)


  • 80% Occupied (majority 12-mth leases)
  • C Class neighborhood
  • Central HVAC (recently serviced)
  • All units individually metered
  • Yrly taxes: $7,840
  • Yrly insurance: $5,000

Please let us know if you or someone you know might be interested. Call or text us at 512-535-5444Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $5,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
809 Root Ave
Killeen, TX 76541
Square Feet:
Lot Size:
27300 sqft
For Sale
Property Type:
Year Built:

Additional Features

Apartment complex has 20x 1/1

Call 512-535-5554 for more details

Property Location

Looking For Investment Properties?

Fill out the form below to join our "Preferred Property Buyers" list and for local real estate updates too

Enter Your Information Below To Get Immediate Access

... to our HANDYMAN specials. *These are not on the MLS - Many are below $100k. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.