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