3300-3310 E Rancier Ave
Killeen, TX 76543
Century Plaza · Multifamily Property For Sale · 256 Units

Century Plaza is a 256-unit Class-C apartment community located in Killeen, Texas. Constructed in 1966, Century Plaza is comprised of 256 units in thirty 2-story buildings, with brick and wood exterior. Floor plans range in size from 525 SF to 992 SF with over 45% of the units having 2 bedrooms. Electricity is individually metered. Century Plaza is being offered at a 7.08% in-place Cap Rate and is 96% occupied. Century Plaza is a Cash-Flowing Value-Add Opportunity that can be realized through reduction in operating expenses and raising rents. The property has a B-class amenity package for residents. Visit their website at: www.liveatcenturyplaza.com. Killeen is located in Central Texas, situated between Austin and Dallas, and is home to Fort Hood, one of the largest military bases in the world. The population grew 9.3% in the last 5 years and the area is estimated to grow 23% over the next 15 years. With nearly 65,000 soldiers and family members to bolster Multifamily demand in the area, rents and occupancy remain strong. Major retailers in Killeen include Walmart, Home Depot, Walgreens, Best Buy, and Dicks Sporting Goods. Killeen provides a young demographic with 36% of the population between the ages of 25 and 44 years old. Killeen is home to 20 parks, hiking and bike trails, and numerous golf courses.