97 Door Multi-family Portfolio in Central Texas w/ 8.5% Cap! Available

  • $4,608,997 + 6% commission

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.

Portfolio Highlights:

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

Financial Highlights: 

  • 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

Dropbox Photos: https://www.dropbox.com/sh/qba5ao2qhrdaxmw/AAAZu7dVs72fEEifQfOczEsqa?dl=0 

Investment Summary/ Rental Analysis included in link below

https://drive.google.com/drive/folders/17Wsgex3p7JiHz4y6fF1Bpn3qlQuanSB1?usp=sharing

 

Price:
$4,608,997 + 6% commission
Address:
TX
Terms:
Assignment of Contract
Property Type:
Multi-family

Call 480-703-5914 or Email us
for more details