Chateau West Apartments
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
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