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Killeen Portfolio 7 Multifamily Properties Offered at $5,600,000 in Multiple Locations
Investment Highlights
- Significant value-add opportunity with potential to increase rents by 10%+ through strategic renovations and operational enhancements
- Located in Killeen, home to Fort Hood (formerly Fort Cavazos), one of the largest U.S. military installations—providing a stable and consistent tenant
- Offered at an attractive cost basis, presenting upside potential for long term value appreciation.
- Desirable unit mix consisting of 58 one-bedroom, 30 two-bedroom, and 5 three-bedroom units, 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
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
| Price | $5,600,000 | Number of Properties | 7 |
| Price / SF | $140.76 / SF | Individually For Sale | 0 |
| Cap Rate | 7.20% | Total Building Size | 39,785 SF |
| Sale Type | Investment | Total Land Area | 5.61 AC |
| Status | Active |
| Price | $5,600,000 |
| Price / SF | $140.76 / SF |
| Cap Rate | 7.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 39,785 SF |
| Total Land Area | 5.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 201 W Lincoln Ave, Copperas Cove, TX 76522 | Multifamily | 10,402 SF | 1975 | - |
| 1306 Brown Dr, Copperas Cove, TX 76522 | Multifamily | 9,147 SF | 1978 | - |
| 1203 Willow Springs Rd, Killeen, TX 76549 | Multifamily | 8,556 SF | 1976 | - |
| 4304 Lake Rd, Killeen, TX 76543 | Multifamily | 4,000 SF | 1977 | - |
| 805 W Hallmark Ave, Killeen, TX 76541 | Multifamily | 3,240 SF | 1965 | - |
| 806 Safady St, Killeen, TX 76541 | Multifamily | 3,240 SF | 1965 | - |
| 211 Hold St, Killeen, TX 76541 | Multifamily | 1,200 SF | 1974 | - |
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