Enclave at Killeen

ENCLAVE AT KILLEEN, 112 UNITS, 1975 CONSTRUCTION

The Enclave at Killeen is a 112-unit gated, multifamily community located in downtown Killeen directly off of Rancier Avenue, the city’s a major retail corridor. The property was originally constructed in 1975 and offers spacious one-bedroom and two-bedroom floor plans. Spread out across more than four acres, Enclave at Killeen offers excellent amenities including a swimming pool, on-site leasing office, laundry facility, basketball court and a private one-acre park equipped with barbecue grills and picnic tables.

SIGNIFICANT VALUE-ADD OPPORTUNITY, RENTS $200 BELOW NEARBY COMPS

Current rents at Enclave are over $200 per unit lower than similar, competing properties in the immediate area. With light renovation, Enclave at Killeen is positioned to see significant rent increases in line with nearby competing properties.

BOOMING GROWTH IN KILLEEN-TEMPLE MSA

Economic and population growth in Bell County continues to march ahead driven by growing demand from the expansion of new employers north of Austin as well as Fort Cavazos, one of the world’s largest military installations. The Killeen-Temple MSA has an estimated population of 509,000 (2024), a 7.2% increase since 2020. Fort Cavazos, an Army base that encompasses 340 square miles and employs more than 55,000 in military and civilian personnel, pumps billions of dollars a year into the local economy. Analysis of the water board’s population projections indicate the region is expected to have more than 550,000 residents by 2030, up from about 450,000 in 2015.