Enclave at Killeen 1105 N 18th St 112 Unité Immeuble d’appartements À vendre Killeen, TX 76541

ENCLAVE AT KILLEEN, 112 UNITS, 1975 CONSTRUCTION
The Enclave at Killeen is a 112-unit gated, multifamily community located in downtown Killeen directly off of Rancier Avenue, the city’s a major retail corridor. The property was originally constructed in 1975 and offers spacious one-bedroom and two-bedroom floor plans. Spread out across more than four acres, Enclave at Killeen offers excellent amenities including a swimming pool, on-site leasing office, laundry facility, basketball court and a private one-acre park equipped with barbecue grills and picnic tables.
OPERATIONAL LIFT WITH OPPORTUNITY TO CREATE SIGNIFICANT YIELD
With in-place rents more than $200 per unit below nearby competitors and occupancy at just 67% compared to the submarket average of 88%, new ownership is positioned
to generate meaningful yield enhancement through standard lease-up and revenue management practices—without reliance on heavy capital outlays or speculative rent
growth. Upon reaching stabilized occupancy at current rental rates, Enclave at Killeen is projected to deliver a yield-on-cost exceeding 9.5%. Achieving market-level rents would further elevate performance, with potential yield surpassing 11.5%.