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33187179
33187189

309 Root Ave, Killeen, TX 76541

MP
TX, TX
$2,900,000
8 days on market
Updated 8 days ago

Chateau West Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,052
Units 52
Price per SqFt $97
Year Built 1970
Acreage 1.340
Investment Type Value Add
Sale Condition For sale by owner

Exceptional Multifamily Investment Opportunity – 52 Units in High-Demand Killeen Market

Marketing description

Offered For Sale By Owner! This well-positioned 52-unit apartment community in Killeen, Texas presents a compelling opportunity for investors seeking stable income, strong tenant demand, and value-add upside. The property includes 30 completely renovated units, significantly enhancing income potential and overall asset value.

Located in a high-growth Central Texas rental market near Fort Cavazos, major employers, schools, transit, and retail corridors, this asset offers stable performance and strong long-term appreciation potential. The property features a balanced unit mix and ample parking.

Investors benefit from operational efficiency, additional value-add opportunities through strategic upgrades, and the ability to capture higher market rents. With continued modernization and rent-optimization potential, this is an ideal acquisition for investors targeting strong yields in an affordable, landlord-friendly submarket.

Whether you are expanding your Texas portfolio or entering the rapidly growing Central Texas market, this asset represents a compelling investment opportunity backed by strong fundamentals.

Disclosure: Virtually staged photos are provided to illustrate the potential use of the space. Furniture and decor are not included with the property.

Investment highlights

  • High rental demand driven by Fort Cavazos and local workforce
  • Well-located near major employers, shopping, transit, and schools
  • Value-add upside through modernization and rent optimization
  • Opportunity for improved NOI through professional management
  • Competitive market cap rate with significant growth potential
  • 52 total units – high occupancy and stable performance
  • Strong rental demand
  • Direct FSBO – no listing agent, streamlined process
  • Ample parking + tenant-friendly layout
  • Excellent opportunity for both new and experienced multifamily investors

Listing Contacts

MP
TX, TX

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