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Killeen MHP Portfolio
Killeen, TX Killeen/Fort Hood

$2,000,000 USD

Multifamily For Sale • 855,069 SF

3 Properties View all

Property Details

Property Type Multifamily
Cap Rate 5.20 %

50 Walk Score

                
                    Highlights
                
                                3 MHP-zoned parks adjacent to Fort Cavazos, largest U.S. military installation by population
                            
                                All 3 parks on city utilities — no well/septic capex or O&M risk
                            
                                Attractive assumable debt with long-term balloons and interest only
                            
                                Vacant/underutilized pad infill opportunity to add units without new zoning
                            
                                In-place cash flow throughout the value-add period, reducing basis risk
                            
                                Strong exit opportunity with numerous institutional groups actively acquiring in the market

Financial Summary (Actual)

Net Operating Income: $103,966 USD (2025)

Cap Rate:	5.20 %
Total Expenses:	$172,707 USD

Public Transportation

Airport	Drive	Walk	Distance
Killeen Municipal	8 min	-	3.2 mi
Robert Gray AAF	23 min	-	12.7 mi

Jack Engleman 214-206-8654 Matthews Real Estate Investment Services

Killeen MHP Portfolio Killeen, TX Killeen/Fort Hood