Highlander Apts

308 North 22nd Street, Killeen, TX 76541

  • For Sale $1,563,200
  • Property Type Multi-Family
  • Units 0
  • Lot Size 0.74 Acre
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Building Class C
  • Year Built 1971
  • Date Updated Nov 30, 2024

The offering is a Thirty-six (36) unit apartment located in Killeen, Texas. The property is located near Fort Hood Army Base, which is the largest active-duty armored post in the U.S. Armed Forces.

Per the Bell County Appraisal District (BCAD) the total building square footage is approximately 16,640 and the lot size is 0.743 acres. The apartment complex was completed
in 1971. 

Each unit is a 1-bedroom/1-bath with approximately 460 square feet of space. The building has a slab foundation and a flat roof that will be replaced prior to closing.

The complex has individual electric meters but has been run as an “All Bill Paid” property. Currently, all new tenants and renewals are responsible for obtaining and paying their electricity bill. Water is master-metered. Each unit has individual HVAC and hot water heaters.

While the apartment complex will cash flow day one, it offers a strong value-add component. This should provide higher rents as well as a reduction in maintenance and
repair and water expenses. The owner reports he has spent approximately $150,000 in CapEx and has fully renovated, or partial renovated 15 units. As of this writing, there are:

  • 14 occupied units
  • 8 rent-ready units
  • 14 units with partial repairs/upgrades completed
  • W/D connections have been added to several units

The target rent after renovations are complete are $695-$725/month plus electricity. 

According to the Realtors Property Resource Trade Area report for Killeen, TX 76541:

  • The Average Household Income is $44,618
  • The Median Household Income is $32,192
  • The Per Capita Income is $19,915
  • The median age is 31.4 years
  • The average household size is 2.23
  • The ZIP code has a Median Estimated Home Value of $153,960 which has increased 6.0% over the last twelve months

 

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Attachments

Contacts

broker

Keith Auten

Auten Realty LLC

Location

Getting Around

  • Walk Score ®

    70/100 Very Walkable

  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Killeen, TX
  • Neighborhood Killeen
  • Zip Code 76541
  • Market Central East Texas

Points of Interest

  • Texaco

    0.41 miles

  • Exxon

    0.59 miles

  • CEFCO

    0.67 miles

  • Valero

    1.32 miles

  • 7-Eleven

    1.43 miles

  • Shell

    1.81 miles

  • E-Z Way

    1.90 miles

  • Walmart

    1.96 miles

  • H-E-B Fuel

    2.01 miles

  • Tesla Supercharger

    4.72 miles

  • Parking Lot C

    5.11 miles

  • Killeen-Fort Hood Regional Airport Parking

    7.02 miles

  • Rental Lot

    7.08 miles

  • Short Term Parking (Killeen-Fort Hood Regional Airport)

    7.08 miles

  • Holiday Terrace

    0.63 miles

  • High Fye Inn

    0.75 miles

  • La Quinta Inn Killeen - Fort Hood

    1.64 miles

  • WoodSpring Suites Killeen

    1.74 miles

  • Courtyard

    1.77 miles

  • Fairfield Inn

    1.80 miles

  • Residence Inn

    1.84 miles

  • Holiday Inn

    1.85 miles

  • Days Inn

    1.88 miles

  • Travelodge Killeen/Fort Hood

    1.89 miles

  • Domino's

    0.47 miles

  • Burger King

    0.48 miles

  • Taco Bell

    0.51 miles

  • Wok On Fire Chinese

    0.61 miles

  • McDonald's

    0.68 miles

  • KFC

    0.71 miles

  • Jack in the Box

    0.81 miles

  • Picante

    0.94 miles

  • Subway

    1.17 miles

  • Arby's

    1.17 miles

  • Killeen Elementary School

    0.40 miles

  • Middle School Level Learning Center

    0.42 miles

  • Transformative Charter Academy

    0.45 miles

  • Fowler Elementary School

    0.99 miles

  • Peebles Elementary School

    1.03 miles

  • West Ward Elementary School

    1.15 miles

  • Fairway Middle School

    1.20 miles

  • Pathways Learning Center

    1.24 miles

  • Nolan Middle School

    1.56 miles

  • Manor Middle School

    1.56 miles

  • Meadows CDC

    2.40 miles

  • Fort Hood CDC

    2.90 miles

  • Darnall Child Development Center

    3.08 miles

Frequently Asked Questions

How much does Highlander Apts cost?

The space currently listed for sale at Highlander Apts asks for $1,563,200.

What is the total square footage of Highlander Apts?

Highlander Apts totals 16,640 square feet.

When was this property built?

Highlander Apts was built in 1971.

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Contact Listing Broker

broker

Keith Auten

Auten Realty LLC