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224-228 Hold St, Killeen, TX, 76541

224-228 Hold St
$1,325,000

Key Information

Cap Rate
10.2%
$ per SF
$90
Tot. SF
14,620
Units
26
Year Built
1965
Type
Apartments
Occupancy
100%
NOI
$112,717

Highlights

  • 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.
  • 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.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
2699 Howell St., Suite 400, Dallas, TX 75204