306 N Gilmer St

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Address: 306 N Gilmer St, Killeen, TX 76541, USA

Texas + Apartment Buildings

Created date: November 6, 2024

Date last updated: December 5, 2024

Value Add - RUBS to offset Water Expense
Value Add - Unit Upgrades for Rent Premium
Metal Roofs & PVC Plumbing

Property Description

The Gilmer Street Apartments are a 33 unit apartment community consisting of 3 one-bedroom units, 16 two-bedroom units, and 14 three-bedroom units. The property also has a newly installed laundry room with 4 washers and 4 dryers for the tenant's convenience. There is opportunity to increase the cash flow through implementing RUBS to offset the property's water utility expense and completing additional unit upgrades to achieve higher rental income. The positive building attributes include the metal roofs, PVC plumbing, and recently updated catwalk & staircases.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	33
Year Built:	1970
Lot Size:	0.92 Sq ft
Opportunity Zone:	No
Property Website	Click Here