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4509 Passion Flower Blvd 20 Unit Apartment Building $11,144,954 CAD ($557,248 CAD/Unit) 6% Cap Rate Killeen, TX 76549



EXECUTIVE SUMMARY
A DON'T MISS OPPORTUNITY FOR INVESTORS! Don't miss out on the opportunity to own a 20 unit (40 doors) duplex package
in the fast growing Ft. Cavazos area of Central Texas. These duplexes are all co-located in the same neighborhood that is less
than ½ mile outside the Clear Creek gate of Ft. Cavazos, providing quick ingress and egress into the military post. This
neighborhood is the closest non-government housing to Ft. Cavazos via Clear Creek Rd. and is a prime location for rentals in
the highly transient city of Killeen, TX. All duplexes are within ¼ mile of each other making the management of these units
much easier and cheaper. These duplexes were built from 2013-2018 and are all in great shape with little to no maintenance
necessary. Each duplex is a mixture of stone/brick on the exterior with a one car garage and two additional spots for cars in
the driveway. Each unit already has an existing fence for privacy or for your animals and has a built-in sprinkler system to
ensure proper lawn care. Each unit has 3 bedrooms and 2 full baths giving the owner flexibility to rent to large and small
families alike. The inside boasts high end finishes for a duplex with granite countertops in the kitchen and bathrooms, stained
Information Deemed Reliable But Not Guaranteed
and scored concrete floors, making these duplexes the perfect combination of luxury living with the robust finishes necessary
for rental properties. An additional computer desk area is off the kitchen to provide space for schoolwork or professional work
to be done. With over 10 yeas of rental history on all units, there is less than a 4% vacancy rate over the life of these duplexes
with the bulk of the vacancies being the down time in between renters, while it is being cleaned for the next renter. Two full
years of rental income and expenses have been captured to provide you with the Net Operating Income of this duplex
investment package. Owner is selling this investment package on a 6% Capitalization Rate. DON'T MISS OUT on this amazing
opportunity.
in the fast growing Ft. Cavazos area of Central Texas. These duplexes are all co-located in the same neighborhood that is less
than ½ mile outside the Clear Creek gate of Ft. Cavazos, providing quick ingress and egress into the military post. This
neighborhood is the closest non-government housing to Ft. Cavazos via Clear Creek Rd. and is a prime location for rentals in
the highly transient city of Killeen, TX. All duplexes are within ¼ mile of each other making the management of these units
much easier and cheaper. These duplexes were built from 2013-2018 and are all in great shape with little to no maintenance
necessary. Each duplex is a mixture of stone/brick on the exterior with a one car garage and two additional spots for cars in
the driveway. Each unit already has an existing fence for privacy or for your animals and has a built-in sprinkler system to
ensure proper lawn care. Each unit has 3 bedrooms and 2 full baths giving the owner flexibility to rent to large and small
families alike. The inside boasts high end finishes for a duplex with granite countertops in the kitchen and bathrooms, stained
Information Deemed Reliable But Not Guaranteed
and scored concrete floors, making these duplexes the perfect combination of luxury living with the robust finishes necessary
for rental properties. An additional computer desk area is off the kitchen to provide space for schoolwork or professional work
to be done. With over 10 yeas of rental history on all units, there is less than a 4% vacancy rate over the life of these duplexes
with the bulk of the vacancies being the down time in between renters, while it is being cleaned for the next renter. Two full
years of rental income and expenses have been captured to provide you with the Net Operating Income of this duplex
investment package. Owner is selling this investment package on a 6% Capitalization Rate. DON'T MISS OUT on this amazing
opportunity.
PROPERTY FACTS
| Price | $11,144,954 CAD | Apartment Style | Garden |
| Price Per Unit | $557,248 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6% | Building Size | 51,964 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment |
| Price | $11,144,954 CAD |
| Price Per Unit | $557,248 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 51,964 SF |
| No. Stories | 2 |
| Year Built | 2014 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
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4509 Passion Flower Blvd
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