702 Santa Rosa Dr
Killeen, TX 76541

SVN | ISG is pleased to present Waters Haven, a 117-unit Class C apartment community located in Killeen, Texas. Constructed in 1964, Waters Haven is comprised of 117 Units in twelve 2-story buildings which have a stone veneer. Floor plans range in size from 570 SF to 795 SF with over 67% of the units having 2 bedrooms. The utilities are master metered and paid by the owner but each unit has its own individual water heater and individual HVAC system. Waters Haven is being offered at a 8.55% Cap Rate and is just 76% occupied with upside in bringing occupancy in-line with Killen East market average of 87.9% achieving a 10.3% Cap Rate. Killeen is home to Fort Hood, which is one of the largest military bases in the world. With nearly 65,000 soldiers and family members to bolster Multifamily demand in the area, rents and occupancy remain strong. Waters Haven is less than a mile from many strong retail tenants which include Starbucks, Big Lots, and McDonalds. Major retailers in Killeen include Walmart, Home Depot, Walgreens, Best Buy, and Dick' s Sports Goods. Killeen provides a young demographic with 36% of the population between the ages of 25 and 44 years old. Killeen is home to 20 parks, hiking and bike trails, and numerous golf courses. The Central Texas State Fair, Killeen Rodeo, Mayborn Science Theater, and Nature in Lights are among the attractions which provide year-round entertainment for families.