306 N Gilmer St Killeen, TX 76541

Listing agency Commercial Market Exchange Show Phone

Listed by Jennifer Varelli, CCIM · License #TX 0605537

Source Crexi

Added: Apr 11 Updated: Jul 20 at 9:14PM Checked: Jul 20 at 9:14PM

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Investment Insights

Based on property information with market context.

This multifamily apartment building offers a value-add approach with an existing lease structure that includes a 30-day termination clause. The property includes documentation covering unit renovation opportunities and a rent roll with market-rate comparisons.

Significant capital improvements have been completed within the last 24 months, including foundation repairs, updated electrical panels, and refurbishments or replacements for more than half of the AC units. Interior updates include new flooring in 18 units and some new appliances installed throughout.

The asset is located in Killeen, positioned between Austin and Waco along Interstate 35, supported by ongoing rental growth referenced in the public remarks.

Key Highlights

• Multifamily with value‑add focus: all leases include a 30‑day termination clause for renovations and rent resets to market.
• Major capital improvements completed in the last 24 months: foundation repairs and updated most electrical panels.
• Over half the AC units have been refurbished or replaced.

Property Analytics

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FAQs

What type of property is this?

Apartment building - Multifamily building with recent foundation repairs and over half of AC units refurbished or replaced.

Where is this apartment building located?

The property is located at 306 N Gilmer St Killeen, TX.

What are key features of this property?

This property features: Multifamily with value‑add focus: all leases include a 30‑day termination clause for renovations and rent resets to market.; Major capital improvements completed in the last 24 months: foundation repairs and updated most electrical panels.; Over half the AC units have been refurbished or replaced.