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2314 Andover Dr 2314 Andover Dr 6 Unit Apartment Building $445,000 ($74,167/Unit) Killeen, TX 76542
Investment Highlights
- Located minutes from Fort Cavazos and major commercial corridors providing strong tenant demand.
- Potential for value enhancement through targeted upgrades and market-aligned rent growth.
- Positioned on a 0.30-acre lot with R-3 zoning and dedicated parking spaces.
- Easy access to US-190 and I-14 connecting to Temple, Belton, and the greater Central Texas region.
Executive Summary
Unlock long-term cash flow with this fully leased value-add 6-plex located in the heart of Killeen. 2314 Andover Dr features a favorable unit mix of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units across a single structure on a spacious residential lot. With stable tenants in place and upside through light renovations or strategic lease increases, this asset offers immediate returns with room to grow.
Located just minutes from Fort Cavazos and major commercial corridors, the property sits in a high-demand rental market with historically strong occupancy and steady turnover-ideal for investors seeking consistency with low operating complexity.
Located just minutes from Fort Cavazos and major commercial corridors, the property sits in a high-demand rental market with historically strong occupancy and steady turnover-ideal for investors seeking consistency with low operating complexity.
Property Facts
| Price | $445,000 | Building Class | C |
| Price Per Unit | $74,167 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,644 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $445,000 |
| Price Per Unit | $74,167 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,644 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.99/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 113119 | Improvements Assessment | $341,300 |
| Land Assessment | $56,000 | Total Assessment | $397,300 |
Property Taxes
Parcel Number
113119
Land Assessment
$56,000
Improvements Assessment
$341,300
Total Assessment
$397,300
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