Killeen Multifamily property questions
Hello everyone, I am a new BP member/investor and I am looking to purchase Multi Family Properties in Killeen. I have been analyzing some deals in the Stan Schlueter/Robinette area - near the new wal mart that came up a couple years ago on bunny trail and had some questions. I will be an out of state investor.
Would the neighborhoods in this area be considered C class? I spent a few years living in Killeen and remember there being lots of fourplexes in the areas right outside Ft Hood. These were definitely in D class neighborhoods. The fourplexes near the newer Wal Mart seem to be in a much better location however, potentially attracting better tenants?
After analyzing some of the Multi Family properties on realtor.com in this area I found that the numbers could work if the tenants paid the utilities. Can any of the experienced investors out there give a newbie some insight on what a landlord would pay in the Multi Family Killeen market in terms of utilities?
Are there other areas in Killeen an investor should be analyzing, and why?
Any wisdom would be appreciated!