32 Units. $300K Down. $19,675/Month Already Coming In.

FEATURED DEAL: Killeen 32 Units With Seller Financing — $1.5M
Garden Style Brick | Military Community | Year Built 1976
$19,675 per month is already coming in with 26 of 32 units occupied, and the seller has agreed to finance the purchase with only 20% down. The terms are 8% interest, 30-year amortization, and a five-year balloon—giving the buyer control of a 32-unit property with $300,000 down. The trailing P&L shows $237,812 in gross income and $113,032 in net income, while six vacant units provide a clear path to increase revenue beyond current production. Morris Real Estate is already managing the property, allowing the new owner to step into an established operation with leasing, collections, maintenance, and tenant relationships already handled. This is a turnkey cash-flow play for someone who wants to add meaningful scale to their portfolio in one transaction.
2203 Jennifer Dr Killeen TX 76542

The property includes six buildings with 23 one-bedroom units and nine two-bedroom units. Current rents total $19,675 per month at 81% occupancy, so the buyer gets great income on day one without giving up the upside from filling the remaining six units.
Diligence File: PnL + Rent Roll

Purchase price: $1,500,000
Down payment: $300,000
Seller-financed balance: $1,200,000
Interest rate: 8%
Amortization: 30 years
Balloon: 5 years
Current occupancy: 26 of 32 units
Current monthly rent: $19,675
Property management: Morris Real Estate already in place

Most investors spend years acquiring enough individual properties to reach 32 units. This deal allows one buyer to get there immediately, with existing income, established management, good occupancy, and financing already negotiated.