213 E Harrison Avenue, Killeen, Texas

Description

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.

Directions: From N 10th Street, turn west onto E Harrison Avenue. Continue on E Harrison Avenue to 213 E Harrison Ave, Killeen, TX 76541.