Incredible 97 Door Multi-family Portfolio in Central Texas!
This C-Class portfolio is 100% occupied and offers good value-add and rent growth potential.
All assets in the portfolio are in good locations and situated adjacent to each other allowing for management efficiencies. With a hands-on management approach, we believe rents can be quickly increased by at least 15% as units turn.
The portfolio can be purchased in its entirety or as individual/package assets. Refer to the “Copperas/Killeen Portfolio Summary” for availability and pricing.
**Priority will be given to the sale of the portfolio as a whole.
Mix of small multifamily assets ranging from duplexes to 14-unit apartment buildings.
- Family owned and managed for over 30 years
- Stable, long term tenant history
- Minimal deferred maintenance
- 2020 NOI – $359,000 (per T7)
- 2019 NOI – $260,000
- Proforma NOI – $445,000
- Stabilized Value – $5.7MM (7.5 Market Cap)
- Cap 2020 NOI – 7.8%
- Cap Rate Proforma – 8.5%
Price: $4,608,997 + 6% commission
Investment Summary/ Rental Analysis included in link below