213 E Harrison Avenue, Killeen, TX 76541
sale
$475,000
|
Other
Courtesy Of Two Lakes Real Estate
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.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Masonry
- Floor Covering: Linoleum
- Floor Covering: Tile
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: NORTH SIDE ADDITION, BLOCK 007, LOT 0002
- MLSID: 622662
- Roof Type: Composition
- Roof Type: Shingle
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