Multifamily Housing
715 West Avenue East Killeen, TX 76541
Details & Description
Price: $495,000
    Property is located in Killeen, TX near Fort Hood which is one of the largest Army bases in the world (approximately 65,000 soldiers and family members). The US Govt. is Killeen's #1 employer, providing solid job security and contributing to a recession-resistant population. Easy access to Business 190 and several retail establishments in the area. Currently there are 3 apartments rented for $230 each which is significantly lower than the $400 month average in this area for efficiencies. An opportunity exists for new ownership to increase rents. According to CoStar, Killeen's multi-family rent growth rate has increased 7.1% over the past year, which significantly exceeds the average annual growth of 2.4% over the past decade. Market prices in this area in this sub-market has risen at a steady pace and now stands at about $62,000 per unit. This property is priced well below this average, which should provide an investor an investment upside. According to U.S. News & World Report (3-18-21) , Killeen is ranked as the #5 Top 100 Places to Live in Texas, behind San Antonio.
    Listing Agents
    TJ McNeece

    M: 972-755-3734
    tjmcneece@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    715 West Avenue East

    Killeen, TX 76541

    Listing ID: 270670
    • 715 West Avenue East Killeen, TX 76541 | for Sale | Photo 1
    • 715 West Avenue East Killeen, TX 76541 | for Sale | Photo 2
    • 715 West Avenue East Killeen, TX 76541 | for Sale | Photo 3
    715 West Avenue East | for Sale | Thumbnail 1
    715 West Avenue East | for Sale | Thumbnail 2
    715 West Avenue East | for Sale | Thumbnail 3
    Building Size: 12,600 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $39.29
    Land $/SF: $22.73
    Price
    $495,000
    Description

    Property is located in Killeen, TX near Fort Hood which is one of the largest Army bases in the world (approximately 65,000 soldiers and family members). The US Govt. is Killeen's #1 employer, providing solid job security and contributing to a recession-resistant population. Easy access to Business 190 and several retail establishments in the area. Currently there are 3 apartments rented for $230 each which is significantly lower than the $400 month average in this area for efficiencies. An opportunity exists for new ownership to increase rents. According to CoStar, Killeen's multi-family rent growth rate has increased 7.1% over the past year, which significantly exceeds the average annual growth of 2.4% over the past decade. Market prices in this area in this sub-market has risen at a steady pace and now stands at about $62,000 per unit. This property is priced well below this average, which should provide an investor an investment upside. According to U.S. News & World Report (3-18-21) , Killeen is ranked as the #5 Top 100 Places to Live in Texas, behind San Antonio.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Killeen History of Multifamily Housing for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Killeen Area Market Trends

    Listing Demographics for 715 West Avenue East Killeen, TX 76541

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population10,45375,570148,236
    Population Median Age313030
    Population by Age0-9 Yrs1715 (16%)12028 (15%)25423 (17%)
    10-19 Yrs1356 (12%)10282 (13%)20822 (14%)
    20-29 Yrs2820 (26%)22360 (29%)38220 (25%)
    30-39 Yrs1403 (13%)10089 (13%)22170 (14%)
    40-49 Yrs1089 (10%)6908 (9%)15534 (10%)
    50-59 Yrs936 (8%)6321 (8%)12451 (8%)
    60-69 Yrs696 (6%)4392 (5%)8213 (5%)
    70+ Yrs438 (4%)3188 (4%)5404 (3%)
    Median HH Income$29,652$39,593$46,575
    Total Household Income< 24K1700 (40%)7783 (29%)11360 (22%)
    25-49K1527 (35%)8926 (33%)15732 (31%)
    50-74K580 (13%)5197 (19%)11291 (22%)
    75-99K238 (5%)2727 (10%)5908 (11%)
    100-199K178 (4%)1937 (7%)5606 (11%)
    200K+27 (0%)156 (0%)656 (1%)
    Highest Education LevelNo Diploma111147537544
    Diploma or GED17831148521051
    Some College17911431426991
    Assoc. Degree536470610601
    Bachelors Degree498420010995
    Higher Degree16116934239
    Total Housing Units6,15532,59960,151
    --Owner-Occupied7058,04219,729
    --Renter-Occupied3,54418,68530,823
    Owner-Occupied Values< 100K59248837248
    100-199K85286410669
    200-299K21411273
    300-399K1742201
    400-499K06288
    500K+1051250
    Total Working Age Population8,02057,981110,988
    In Work Force5,35041,10478,732
    Not In Work Force2,67016,87732,256
    Workforce Employed3,70126,64253,182
    Workforce Unemployed5053,5786,514
    Civlian Workforce4,20730,22159,697
    Military Workforce1,14310,88319,036
    Total Households4,24926,72650,553
    Family Households2,28016,90834,497
    Non-Family Households1,9699,81816,055
    Married Couple1,56110,83123,145
    Other Family7186,07711,352
    Married w/Child7664,95411,485
    Single Male w/Child1136731,230
    Single Female w/Child4003,6556,676

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Bell County237,974+30310,235+14353,629+12396,782
    Coryell County74,978+175,388+478,317+582,198

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 715 West Avenue East in Killeen?
    The asking price for 715 West Avenue East is $495,000
    What is the building size of this Multifamily property in Killeen, TX?
    The size of the building/unit at 715 West Avenue East in Killeen is 12,600 square feet
    How much land does the Killeen, TX property at 715 West Avenue East include?
    715 West Avenue East in Killeen includes 0.500 acres of land
    What is the population within 1 mile of 715 West Avenue East in Killeen?
    The population within 1 mile of 715 West Avenue East Killeen, TX 76541 is 10,453 people.
    Who do I contact for questions about 715 West Avenue East?
    You should contact the listing agent, TJ McNeece, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    9114 Royal Lane, Waco, TX CALL 37729 2.96
    2105 Tiger Trail, Round Rock, TX CALL 39333 2.5
    21212 Portsmouth Cove, Lago Vista, TX $1,000,000 2902 -
    7107 Guadalupe Street, Austin, TX $820,000 4320 0.34
    2201 Leon St, Austin, TX $1,300,000 2800 0.15
    1201 Summit Street, Austin, TX CALL 4182 0.2
    3607 Garden Villa Lane, Austin, TX $749,000 1408 0.21
    801 and 821 Woodward Street, Austin, TX CALL 690208 15.85
    Skylane Ave, Corsicana, TX $6,700,000 39150 -
    730 Howard Street, New Braunfels, TX CALL 88772 4.85

    Closest Commercial Airports

    Airport Distance (mi)
    Austin Bergstrom International Airport (AUS) 64
    San Antonio International Airport (SAT) 118
    Dallas Fort Worth International Airport (DFW) 129