Contacts
Keith Auten
Auten Realty
Property Details
- Property Type Multi-Family
- Property Size 16,640 SF
- Units 36
- Lot Size 0.74 Acre
- Additional Rent Contact for pricing
- # of Floors 2
- Year Built 1971
- Date Updated Aug 23, 2024
- Website vimeo.com
Major Price Reduction!
The offering is a Thirty-six (36) unit apartment located in Killeen, Texas. The property is located near Fort Hood Army Base, which is the largest active-duty armored post in the U.S. Armed Forces.
Per the Bell County Appraisal District (BCAD) the total building square footage is approximately 16,640 and the lot size is 0.743 acres. The apartment complex was completed in 1971.
Each unit is a 1-bedroom/1-bath with approximately 460 square feet of space.
The building has a slab foundation and a flat roof that will be replaced prior to closing. The complex has individual electric meters but has been run as an “All Bill Paid” property. Currently, all new tenants and renewals are responsible for obtaining and paying their electricity bill. Water is master-metered. Each unit has individual HVAC and hot water heaters.
While the apartment complex will cash flow day one, it offers a strong value-add component. This should provide higher rents as well as a reduction in maintenance and repair and water expenses.
The owner reports he has spent approximately $150,000 in CapEx and has fully renovated, or partial renovated 15 units. As of this writing, there are:
• 16 occupied units
• 6 rent-ready units
• 14 down units
• W/D connections have been added to several units
The target rent after renovations are complete are $695-$725/month plus electricity.
According to the Realtors Property Resource Trade Area report for Killeen, TX 76541:
• The Average Household Income is $44,618
• The Median Household Income is $32,192
• The Per Capita Income is $19,915
• The median age is 31.4 years
• The average household size is 2.23
• The ZIP code has a Median Estimated Home Value of $153,960 which has increased 6.0% over the last twelve months
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Reach out to the broker for more info on lease terms and amenities
Getting around
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70/100
Walk Score ®
-
49/100
Bike Score ®
Location
- City Killeen, TX
- Neighborhood Killeen
- Zip Code 76541
- Market Central East Texas
Points of Interest
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Texaco
0.41 miles
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Exxon
0.60 miles
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CEFCO
0.67 miles
-
Valero
1.32 miles
-
7-Eleven
1.43 miles
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Texaco
1.93 miles
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H-E-B Fuel
2.01 miles
-
Chevron
2.08 miles
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Chevron
2.44 miles
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Valero
2.91 miles
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Killeen-Fort Hood Regional Airport Parking
7.02 miles
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Rental Lot
7.08 miles
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Short Term Parking (Killeen-Fort Hood Regional Airport)
7.09 miles
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Holiday Terrace
0.63 miles
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High Fye Inn
0.75 miles
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La Quinta Inn by Wyndham Killeen - Fort Hood
1.64 miles
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WoodSpring Suites Killeen
1.74 miles
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Courtyard by Marriott
1.77 miles
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Fairfield Inn
1.81 miles
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Residence Inn
1.84 miles
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Holiday Inn
1.85 miles
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Travelodge Killeen/Fort Hood
1.89 miles
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Sleep Inn
1.89 miles
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Warrior Way Commissary
1.03 miles
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O Mart
1.41 miles
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Big Lots
1.45 miles
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HomeSmart
1.48 miles
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USA Living
1.65 miles
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USA Discounters
1.66 miles
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Killeen Mall
1.78 miles
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Burlington
1.80 miles
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Dillard's
1.80 miles
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JCPenney
1.89 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Keith Auten
Auten Realty