228 HOLD ST Killeen TX 76541

26-unit multifamily in Killeen, TX offered at $1,325,000 with a 10.2% cap rate. 100% occupied, value-add upside with potential rent increases of 10%+ through renovations. Located near Fort Hood, ensuring strong tenant demand. Priced at $90.63/SF and $50,962/unit.

• • Strong value-add upside — rents can move 10%+ through operational improvements, or 20%+ with light unit renovations.
  • Uniform 1BD/1BA unit mix keeps management simple and targets the market's largest renter demographic.
  • Fort Hood-driven demand — one of the country's largest military installations sits in Killeen's backyard, anchoring occupancy with a steady rotation of active-duty tenants.
  • Favorable affordability story — Killeen continues to draw households priced out of major Texas metros, supporting in-migration and rental demand.
  • Attractive basis at $51K/door — well below replacement cost, providing a margin of safety and long-term appreciation potential.
  • Stable local economy — median household income of ~$60,000 supports rent growth without outsized affordability pressure on tenants

Seller will not consider any type of creative financing.