$415,000

Description

PLEASE DO NOT DISTURB TENANTS. Rare opportunity to acquire a cash-flowing fourplex in Killeen with a rent-to-price ratio that is increasingly difficult to find at this price point. Offered at $415,000, the property is currently producing $3,145/month with one unit vacant and rent-ready. Once leased, projected gross rents are approximately $4,095/month ($49,000+ annually), creating an attractive ~11.7% rent-to-price ratio and a GRM near 8.5. This townhome-style fourplex sits on a quiet cul-de-sac and features two 3-bedroom, 1.5-bath units (A & D) and two 2-bedroom, 1.5-bath units (B & C). All units have been updated and are easy to rent. Unit A – $1,095 leased through Jan 2027 Unit B – Vacant, rent-ready Unit C – $925 leased through Aug 2026 Unit D – $1,125 month-to-month The larger units (A & D) include wood-burning fireplaces in the downstairs living areas. Each unit includes a refrigerator, dishwasher, electric range, and washer/dryer hookups — amenities that help maintain strong tenant demand. With long-term leases in place, one unit available for immediate upside, and numbers that make sense from day one, this property is ideal for both new and seasoned multifamily investors.

Property Details

Listing Agent