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Enclave at Killeen 1105 N 18th St 112 Unit Apartment Building For Sale Killeen, TX 76541
EXECUTIVE SUMMARY
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%.
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%.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 4.15 AC |
| No. Units | 112 | Building Size | 75,152 SF |
| Property Type | Multifamily | Average Occupancy | 67% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.72/1,000 SF |
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.15 AC |
| Building Size | 75,152 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Pool
- Basketball Court
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 76 | - | 548 - 640 |
| 2+1 | 32 | - | 829 |
| 2+2 | 4 | - | 989 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,227,812 | |
| Land Assessment | $524,236 | Total Assessment | $5,752,048 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$524,236
Improvements Assessment
$5,227,812
Total Assessment
$5,752,048
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Enclave at Killeen | 1105 N 18th St
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