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Copper Mountain 2501 Bacon Ranch Rd 214 Unit Apartment Building $18,750,000 ($87,617/Unit) 7.94% Cap Rate Killeen, TX 76542
Investment Highlights
- 7.94% CAP Rate with additional upside
Executive Summary
This attractive, well-maintained apartment complex is located in Killeen, Texas and is priced at a 7.9% Cap Rate based on actual numbers with property taxes adjusted to reflect the listing price. Agency financing is available so that, at current rates, it can produce double digit cash flows.
Please see marketing package for details.
The property is part of a portfolio of two properties (Copper Mountain (211 Units) and Twin Creek (158 Units) being offered in Killeen. Both are included in the marketing package.
Please see marketing package for details.
The property is part of a portfolio of two properties (Copper Mountain (211 Units) and Twin Creek (158 Units) being offered in Killeen. Both are included in the marketing package.
Property Facts
| Price | $18,750,000 | Apartment Style | Garden |
| Price Per Unit | $87,617 | Building Class | B |
| Sale Type | Investment | Lot Size | 8.52 AC |
| Cap Rate | 7.94% | Building Size | 133,525 SF |
| Gross Rent Multiplier | 6.48 | Average Occupancy | 94% |
| No. Units | 214 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1986/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Zoning | R-3 | ||
| Price | $18,750,000 |
| Price Per Unit | $87,617 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Gross Rent Multiplier | 6.48 |
| No. Units | 214 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.52 AC |
| Building Size | 133,525 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2017 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Walk-In Closets
Site Amenities
- Business Center
- Controlled Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Gated
- Basketball Court
- Furnished Units Available
- Grill
- Volleyball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | $950.00 | 400 - 450 |
| 1+1 | 121 | $1,075 | 515 - 572 |
| 2+2 | 71 | $1,200 | 664 - 846 |
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Property Taxes
| Parcel Number | 52075 | Improvements Assessment | $21,194,283 |
| Land Assessment | $370,957 | Total Assessment | $21,565,240 |
Property Taxes
Parcel Number
52075
Land Assessment
$370,957
Improvements Assessment
$21,194,283
Total Assessment
$21,565,240
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Copper Mountain | 2501 Bacon Ranch Rd
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