Killeen Multifamily property questions

[Mark DelRosario]

Hello everyone, I am a new BP member/investor and I am looking to purchase Multi Family Properties in Killeen. I have been analyzing some deals in the Stan Schlueter/Robinette area - near the new wal mart that came up a couple years ago on bunny trail and had some questions. I will be an out of state investor.

Would the neighborhoods in this area be considered C class? I spent a few years living in Killeen and remember there being lots of fourplexes in the areas right outside Ft Hood. These were definitely in D class neighborhoods. The fourplexes near the newer Wal Mart seem to be in a much better location however, potentially attracting better tenants? 

After analyzing some of the Multi Family properties on realtor.com in this area I found that the numbers could work if the tenants paid the utilities. Can any of the experienced investors out there give a newbie some insight on what a landlord would pay in the Multi Family Killeen market in terms of utilities?

Are there other areas in Killeen an investor should be analyzing, and why?

Any wisdom would be appreciated!

[Eric Barnett]

I just bought my first fourplex in Killeen near the new HEB near HWY195, South of Elms.  The numbers made sense and the prices are favorable if you do some digging.  I can put you in touch with my realtor who has properties there and helped give me insight into the better areas.  I'm looking to buy another very soon.  feel free to get my email off my page and send a quick email and we can chat more.  The Harker Heights/Killeen area is growing quite a bit; especially South of Killeen with new construction on homes and commercial.