2314 Andover
Multifamily | 6.12% CAP | 6 Units
Marketing description
Unlock long-term cash flow with this fully leased value-add 6-plex located in the heart of Killeen. 2314 Andover Dr features a favorable unit mix of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units across a single structure on a spacious residential lot. With stable tenants in place and upside through light renovations or strategic lease increases, this asset offers immediate returns with room to grow.
Located just minutes from Fort Cavazos and major commercial corridors, the property sits in a high-demand rental market with historically strong occupancy and steady turnover-ideal for investors seeking consistency with low operating complexity.
Investment highlights
• Stabilized Income: 12-month trailing rents just over $SOK with historically full occupancy.
• Below Market Rents: Potential to increase rents to align with local comps.
• High-Demand Market: Strong rental base from military, medical, and working-class tenants.
• Turnkey with Upside: Light cosmetic updates could quickly raise value and cash flow.
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