Northside Plaza Apartments | 1204-1208 Bundrant Dr
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Northside Plaza Apartments 1204-1208 Bundrant Dr
21 Unit Apartment Building $1,200,000 ($57,143/Unit) 7.11% Cap Rate Killeen, TX 76543
Investment Highlights
- OFFERING MATERIALS & DEAL ROOM LINK: https://www.marcusmillichap.com/properties/161393/bundrant-apartments
- INCREASE RENTS TO MARKET - RENTS 20% BELOW HUD FAIR MARKET VALUE
- SIGNIFICANT POPULATION GROWTH - POPULATION GROWTH OF 30.8% BETWEEN 2000-2023
- RECENT IMPROVEMENTS - OVER $625,000 ON PROPERTY UPDATES SINCE 2016
- ADDITIONAL REVENUE STREAMS - WATER REIMBURSEMENT, CABLE/INTERNET SERVICE & PET RENT
- NEW FINANCING AVAILABLE - FREE & CLEAR OF EXISTING DEBT
Executive Summary
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
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 Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $57,143 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 10,880 SF |
| Cap Rate | 7.11% | Average Occupancy | 91% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2016 |
| Property Subtype | Apartment | Parking Ratio | 3.31/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,200,000 |
| Price Per Unit | $57,143 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 10,880 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2016 |
| Parking Ratio | 3.31/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
| 2+2 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 97661 | Improvements Assessment | $1,209,696 |
| Land Assessment | $132,832 | Total Assessment | $1,342,528 |
PROPERTY TAXES
Parcel Number
97661
Land Assessment
$132,832
Improvements Assessment
$1,209,696
Total Assessment
$1,342,528
zoning
| Zoning Code | R-3 |
| R-3 |
-
Fin Erwin -
Marcus & Millichap
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Northside Plaza Apartments | 1204-1208 Bundrant Dr
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