Killeen MHP Portfolio Multi-Family FOR SALE


Killeen, TX - Killeen/Fort Hood | 
$2,000,000 USD
214-206-8654
, Killeen, TX for Sale
$2,000,000 USD
Multi-Family - FOR SALE
1/40
null | 5.2% Cap Rate

Killeen MHP Portfolio
Killeen, TX
Killeen/Fort Hood


HIGHLIGHTS

  • 3 MHP-zoned parks adjacent to Fort Cavazos, largest U.S. military installation by population
  • All 3 parks on city utilities — no well/septic capex or O&M risk
  • Attractive assumable debt with long-term balloons and interest only
  • Vacant/underutilized pad infill opportunity to add units without new zoning
  • In-place cash flow throughout the value-add period, reducing basis risk
  • Strong exit opportunity with numerous institutional groups actively acquiring in the market

OVERVIEW

Matthews™ is pleased to bring this three-park portfolio to market in the heart of Killeen, Texas. Totaling 31.33 acres, the portfolio presents an opportunity to establish a footprint with over 150 sites in a high-barrier-to-entry market. All three parks are zoned for manufactured housing and served by city utilities, with electric billed directly to tenants and water/sewer paid by ownership, which presents a value-add opportunity to implement a utility bill-back program through RUBS or submetering. Killeen is home to Fort Cavazos, one of the largest U.S. military installations, and the portfolio includes some of the closest manufactured housing communities to the base. The City has publicly emphasized the need for affordable housing, supporting the infill opportunity for close to 200 total sites. The City of Killeen is also actively revitalizing the surrounding area, with Tax Increment Reinvestment Zones (TIRZ) located just blocks away and downtown currently undergoing redevelopment. Broker of Record Patrick Graham License # 528005, 9005919 (TX) Matthews Real Estate Investment Services, Inc 2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550

ASK ABOUT THIS PROPERTY

Jack EnglemanMatthews Real Estate Investment ServicesMore Info
214-206-8654

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Jack EnglemanMatthews Real Estate Investment ServicesMore Info
214-206-8654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.