Listed by Matthews
$1,150,000
805-807 W Hallmark Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,669
Units 20
Cap Rate 10.28%
Occupancy 100%
Price per SqFt $99
Buildings 1
Stories 2
Investment Type Value Add
20-Unit Value-Add Multifamily Near Fort Hood with 9.32% Cap Rate
Investment 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 one bed one bathroom 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.
Listing Contacts
Listed by Matthews
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