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201 W Lincoln Ave 10 Unit Apartment Building $787,750 CAD ($78,775 CAD/Unit) 8.20% Cap Rate Copperas Cove, TX 76522
Investment Highlights
- Value-add opportunity with potential to increase rents 10%+ through operational improvements and up to 20% with light renovations.
- Located in Killeen near Fort Hood (Fort Cavazos), providing a stable tenant base driven by military personnel.
- Offered at an attractive cost basis, presenting upside potential for long-term value appreciation.
- Desirable unit mix consisting of one bed one bathroom catering to a broad tenant demographic.
- Killeen benefits from strong in-migration trends supported by its relative housing affordability compared to major Texas metros.
- Market supported by solid local demographics, including a median household income of approximately $60,000.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $787,750 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $78,775 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.20% | Building Size | 7,000 SF |
| Gross Rent Multiplier | 8 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1978 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $787,750 CAD |
| Price Per Unit | $78,775 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Gross Rent Multiplier | 8 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,000 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 119685 | Improvements Assessment | $549,240 CAD |
| Land Assessment | $54,924 CAD | Total Assessment | $604,164 CAD |
Property Taxes
Parcel Number
119685
Land Assessment
$54,924 CAD
Improvements Assessment
$549,240 CAD
Total Assessment
$604,164 CAD
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201 W Lincoln Ave
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