2820 Cedar Cir | Killeen, TX 76543
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2820 Cedar Cir
Killeen, TX 76543
Cedar Circle · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- Rents In The Submarket Have Increased By 10.6% In The Last 12 Months - Projected To Continue Growing By 5.9% In 2022 - Costar
- Bring 13 Down Units Back Online - Improve Occupancy To Submarket Average Of 96% (Currently At 75%)
- Well-Positioned Asset Ready For Value-Add Implementation
- ~$829,000 In Value-Add Upside Potential
- 16% Cash-On-Cash Returns At The End Of Year 5
- Exceptional Location - Proximate To Restaurants, Shopping & Entertainment
PROPERTY FACTS
| No. Units | 59 | Building Size | 40,445 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2023 |
| Building Class | C | Parking Ratio | 3.28/1,000 SF |
| Lot Size | 5.22 AC | ||
| Zoning | Multi-Family - Commercial | ||
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.22 AC |
| Building Size | 40,445 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 3.28/1,000 SF |
| Zoning | Multi-Family - Commercial |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 38 | - | 550 |
| 2+1 | 20 | - | 840 |
| 2+2 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 232057 | Improvements Assessment | $2,460,856 |
| Land Assessment | $109,144 | Total Assessment | $2,570,000 |
PROPERTY TAXES
Parcel Number
232057
Land Assessment
$109,144
Improvements Assessment
$2,460,856
Total Assessment
$2,570,000
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