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309 Root Ave
Killeen, TX 76541
Chateau West Apartments · Multifamily Property For Sale
·
52 Units
Investment Highlights
- It has close proximity to Highway 190
Executive Summary
Offered For Sale By Owner! This well-positioned 52-unit apartment community in Killeen, Texas presents a compelling opportunity for investors seeking stable income, strong tenant demand, and value-add upside. The property includes 30 completely renovated units, significantly enhancing income potential and overall asset value.
Located in a high-growth Central Texas rental market near Fort Cavazos, major employers, schools, transit, and retail corridors, this asset offers stable performance and strong long-term appreciation potential. The property features a balanced unit mix and ample parking.
Investors benefit from operational efficiency, additional value-add opportunities through strategic upgrades, and the ability to capture higher market rents. With continued modernization and rent-optimization potential, this is an ideal acquisition for investors targeting strong yields in an affordable, landlord-friendly submarket.
Whether you are expanding your Texas portfolio or entering the rapidly growing Central Texas market, this asset represents a compelling investment opportunity backed by strong fundamentals.
Disclosure: Virtually staged photos are provided to illustrate the potential use of the space. Furniture and decor are not included with the property.
Located in a high-growth Central Texas rental market near Fort Cavazos, major employers, schools, transit, and retail corridors, this asset offers stable performance and strong long-term appreciation potential. The property features a balanced unit mix and ample parking.
Investors benefit from operational efficiency, additional value-add opportunities through strategic upgrades, and the ability to capture higher market rents. With continued modernization and rent-optimization potential, this is an ideal acquisition for investors targeting strong yields in an affordable, landlord-friendly submarket.
Whether you are expanding your Texas portfolio or entering the rapidly growing Central Texas market, this asset represents a compelling investment opportunity backed by strong fundamentals.
Disclosure: Virtually staged photos are provided to illustrate the potential use of the space. Furniture and decor are not included with the property.
Property Facts
| Price Per Unit | $55,769 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.36 AC |
| No. Units | 52 | Building Size | 28,776 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | Parking Ratio | 1.99/1,000 SF |
| Zoning | None | ||
| Price Per Unit | $55,769 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 28,776 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | None |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 468 - 565 |
| 2+1 | 12 | - | 760 - 800 |
Property Taxes
| Parcel Number | 363753 | Improvements Assessment | $1,522,578 |
| Land Assessment | $175,111 | Total Assessment | $1,697,689 |
Property Taxes
Parcel Number
363753
Land Assessment
$175,111
Improvements Assessment
$1,522,578
Total Assessment
$1,697,689
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