Killeen Portfolio 6 Multifamily Properties Offered at $4,000,000 in Multiple Locations

Attractive Basis with an 8%+ Going-In Cap Rate – Offered at an attractive basis and an 8%+ going-in cap rate, the portfolio provides investors with strong inplace
cash flow from day one while creating a favorable entry point for future value appreciation.
Meaningful Revenue Growth Potential – The portfolio presents a clear opportunity to grow income through a combination of operational improvements,
loss-to-lease burn-off, and targeted unit renovations. Based on comparable rent/sf comps, current rents reflect an approximate $115 per unit gap to market,
creating the potential for 19% rental growth through interior renovations.
Ability to Capture Existing Loss to Lease – As current leases expire and renew, new ownership has the opportunity to systematically burn off existing loss to
lease and move rents closer to market levels. This provides a path to near-term revenue growth without requiring significant capital investment.
Value-Add Opportunity Through Unit Renovations – With a meaningful spread between current rents and renovated market rents, investors have the
flexibility to implement a renovation program over time and capture additional upside.
Marketing & Leasing Upside – The portfolio currently maintains approximately 90% physical occupancy despite historically low marketing costs and limited
traditional advertising. A more aggressive marketing approach, combined with a targeted unit renovation program, could further enhance leasing activity,
support occupancy, and provide additional upside to rental growth.
Specific Workforce Housing Unit Mix – The portfolio features all one-bedroom, one-bathroom unit mix that appeals to a broad range of renters, including local
workforce residents, young professionals, and military-affiliated tenants.
Concentrated Portfolio with Operational Efficiencies – The 84-unit portfolio is spread across only four locations, including three locations in Killeen and one
in neighboring Copperas Cove. With all properties situated within a few miles of one another, ownership can benefit from centralized leasing, maintenance, and
management operations while still acquiring meaningful scale.
Affordability and Population Growth Tailwinds – Killeen continues to benefit from its relative affordability compared to Texas’s larger metropolitan areas,
supporting continued in-migration and demand for attainable rental housing.