1807 Mulford Street

Description

For Sale 36-Unit Multifamily Portfolio in Killeen, TX! Rare opportunity to acquire two well-located multifamily assets totaling 36 units in the heart of Killeen. Properties include 1807 Mulford St (12 unit building) and 1810 N 8th St (24 unit apartment community). Both properties feature 1-bedroom, 1-bath units with efficient layouts, central heat & air, and off-street parking. Current average rents are approx. $650/month per unit, creating strong cash-flow potential with gross annual income of $280K+ when fully stabilized. Occupancy remains stable due to the properties' proximity to Fort Hood, Central Texas College, Texas A&MCentral Texas, shopping, dining, medical services, and major employment centers. These well-maintained communities offer a steady tenant base, pet-friendly policies, and the opportunity for value-add upgrades to increase returns. Whether you are expanding your multifamily portfolio or entering the Central Texas market, this package provides immediate income and long-term growth potential. Financials and rent rolls available upon request. Each unit offers: Open-concept living and dining space Easy-to-maintain tile and laminate flooring throughout Efficient kitchen with refrigerator and range/oven Central heat & air conditioning for year-round comfort in 24 units and economical split systems in the 12 unit building Property features Military & Education Hubs: Just minutes from Fort Cavazos (Fort Hood) and Central Texas College. Transportation: Only 12 minutes (5.4 miles) from KilleenFort Hood Regional Airport, easy access to major highways Shopping & Dining: Nearby H-E-B, Walmart, Killeen Mall, and a variety of local restaurants. Healthcare: Close to Advent Health Central Texas, Seton Medical Center, VA Hospital and Scott and White in Temple Schools: Served by Killeen ISD, with nearby elementary, middle, and high schools.