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805 W Hallmark Ave
Killeen, TX 76541
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Significant value-add opportunity with potential to increase rents 10%+ through renovations and up to 20% with light unit upgrades.
- Located in Killeen near Fort Hood (Fort Cavazos), providing a stable tenant base driven by military personnel.
- Offered at an attractive cost basis, presenting upside potential for long-term value appreciation.
- Desirable unit mix consisting of one bed one bathroom catering to a broad tenant demographic.
- Killeen benefits from strong in-migration trends supported by its relative housing affordability compared to major Texas metros.
- Market supported by solid local demographics, including a median household income of approximately $60,000.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price Per Unit | $60,000 | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Low-Rise |
| Cap Rate | 9.32% | Building Class | C |
| Gross Rent Multiplier | 8 | Building Size | 11,669 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| Cap Rate | 9.32% |
| Gross Rent Multiplier | 8 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 11,669 SF |
| No. Stories | 2 |
| Year Built | 1982 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 12458 | Improvements Assessment | $690,971 |
| Land Assessment | $15,000 | Total Assessment | $705,971 |
Property Taxes
Parcel Number
12458
Land Assessment
$15,000
Improvements Assessment
$690,971
Total Assessment
$705,971
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