213 E Harrison Ave - Multi-Family FOR SALE


Killeen, TX 76541- Killeen/Fort Hood | 
$475,000 USD
254-316-9606
213 E Harrison Ave, Killeen, TX for Sale
$475,000 USD
Multi-Family - FOR SALE
1/18
null | Request Cap Rate

213 E Harrison Ave
Killeen, TX 76541
Killeen/Fort Hood


OVERVIEW

Excellent multifamily investment opportunity at 213 E Harrison Ave, Killeen, TX, offered at $475,000. This established 6-unit income-producing property features four currently occupied units and two vacant units, offering a great combination of existing rental income, immediate leasing potential, and future value-add opportunities. Current Unit & Lease Information: Unit 1: $525/month – Lease expires 01/31/2027 Unit 2: Vacant – Market rent $595/month; currently listed for lease Unit 3: $575/month – Lease expires 02/28/2027 Unit 4: $590/month – Lease expires 05/31/2027 Unit 5: $595/month – Lease expires 03/31/2027 Unit 6: Vacant – Market rent $595/month; currently listed for lease One unit has already been remodeled and features ceramic tile flooring, granite countertops, stainless steel appliances, and fresh interior paint, showcasing the potential for additional value through future unit updates. Major improvements include most HVAC systems being less than approximately six years old and a roof that is approximately nine years old. Conveniently located in Killeen with access to major roadways, shopping, dining, employment centers, and Fort Cavazos. With established tenants, staggered lease expirations extending into 2027, two vacant units currently available for lease, and additional value-add potential, this 6-unit multifamily property presents an excellent opportunity for an investor looking to expand their portfolio with an income-producing asset.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

6

PRICE/UNIT

$79,167

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

114476

ASK ABOUT THIS PROPERTY

katie PayneTwo Lakes Real EstateMore Info
254-316-9606

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katie PayneTwo Lakes Real EstateMore Info
254-316-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.