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Archived about 2 months ago

$255,000

rooms 0 ba 2199 sqft

1203 Willow Springs Rd, Killeen, TX 76549

Commercial Multifamily

Current Rent **

$2,200

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Kevin Diener

Below Market Rent Triplex

Significant value-add opportunity with potential to increase rents by 10%+ through strategic renovations and operational enhancements, and 20% with light unit renovations.

Desirable unit mix consisting of one bed one bathroom catering to a broad tenant demographic.

Located in Killeen, home to Fort Hood (formerly Fort Cavazos), one of the largest U.S.
military installations—providing a stable and consistent tenant base driven by active-duty military personnel. Fort Hood is home to over 50k+ employees.

Killeen benefits from strong in-migration trends supported by its relative housing affordability compared to major Texas metros.

Offered at an attractive cost basis, presenting upside potential for long-term value appreciation.

Market supported by solid local demographics, including a median household income of approximately $60,000.

Location:

1203 Willow Springs Rd, Killeen, TX 76549

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.