1204-1208 Bundrant Dr, Killeen, TX 76543

21 Unit Apartment Building | $1,200,000 ($57,143/Unit) | 7.11% Cap Rate | Killeen, TX 76543

Asking Price $1,200,000

Property Type: Multifamily
Square Feet: 10,880 SF

Listing Contacts

Fin Erwin

Property Overview

OFFERING MATERIALS & DEAL ROOM LINK: https://www.marcusmillichap.com/properties/161393/bundrant-apartments
RECENT IMPROVEMENTS - OVER $625,000 ON PROPERTY UPDATES SINCE 2016
INCREASE RENTS TO MARKET - RENTS 20% BELOW HUD FAIR MARKET VALUE
ADDITIONAL REVENUE STREAMS - WATER REIMBURSEMENT, CABLE/INTERNET SERVICE & PET RENT
SIGNIFICANT POPULATION GROWTH - POPULATION GROWTH OF 30.8% BETWEEN 2000-2023
NEW FINANCING AVAILABLE - FREE & CLEAR OF EXISTING DEBT

Property Details

Class: C
Year Built/Renovated: 1970/2016
Stories: 2
Lot Size (sq. ft): 34,412 SF
Units: 21

Highlights

OFFERING MATERIALS & DEAL ROOM LINK: https://www.marcusmillichap.com/properties/161393/bundrant-apartments
RECENT IMPROVEMENTS - OVER $625,000 ON PROPERTY UPDATES SINCE 2016
INCREASE RENTS TO MARKET - RENTS 20% BELOW HUD FAIR MARKET VALUE
ADDITIONAL REVENUE STREAMS - WATER REIMBURSEMENT, CABLE/INTERNET SERVICE & PET RENT
SIGNIFICANT POPULATION GROWTH - POPULATION GROWTH OF 30.8% BETWEEN 2000-2023
NEW FINANCING AVAILABLE - FREE & CLEAR OF EXISTING DEBT

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