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Killeen & Copperas Cove, TX

Killeen Portfolio
$5,375,000

Key Information

Cap Rate
7.5%
GRM
8
$ per SF
$92
$ per unit
$57,795
Type
Apartments

Highlights

  • Significant value-add opportunity with potential to increase rents by 10%+ through strategic renovations and operational enhancements, and 20% with light unit renovations.
  • Desirable unit mix consisting of 58 one-bedroom, 30 two-bedroom, and 5 three-bedroom units, catering to a broad tenant demographic.
  • Located in Killeen, home to Fort Hood (formerly Fort Cavazos), one of the largest U.S. military installations—providing a stable and consistent tenant base driven by active-duty military personnel.
  • Killeen benefits from strong in-migration trends supported by its relative housing affordability compared to major Texas metros.
  • Offered at an attractive cost basis, presenting upside potential for long term value appreciation.
  • Market supported by solid local demographics, including a median household income of approximately $60,000.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225