E X E C U T I V E S U M M A R Y K i l l e e n To w n h o m ......re n t c o m p s, c a n ra is e re...
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WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.704.5001 || https:wallergrouphomes.com 1 JOHN PARDUCCI 512.593.6263 [email protected] PROPERTY OVERVIEW Waller Group is proud to present the Killeen Townhomes Portfolio in Killeen, TX. This property is currently 100% occupied, and the 14 buildings contain a total of 52 units. The portfolio comes with a fully-built website and domain name that will be transferred with the sale. The buildings were constructed from 1997 – 2003 and 70% of the units are within a 0.5 mile radius. Roughly 50% of the units are furnished. The portfolio is currently achieving $405,087 in annual NOI. New ownership, based on area rent comps, can raise rents on the unfurnished units by $476 / unit, which is a $0.46 / sqft bump. With this bump, new ownership can achieve an annual NOI of $528,173. Additionally, there is the opportunity to raise additional income fees through implementing a ratio utility billing system, application fees, parking fees, and pet fees. Another cost saving opportunity would be through water conservation opportunities such as updates on faucets, showers, and low flow toilets, which can save up to 20% on water bills. Management is based out of Monterrey, Mexico and is paid roughly $16k (equating to 2.3% of EGI) to help fill the units. Current management can be extended to new owner for at least 1 year. Proforma financials were underwritten with a 5.0% management fee. OFFERING SUMMARY Sale Price: $5,650,000 Building Size: 50,884 SF Occupancy: 100% Number of Buildings: 14 Number of Units: 52 Price / SF: $111.04 Current Cap Rate: 7.17% Current NOI: $405,087 Pro Forma Cap Rate: 9.35% Pro Forma NOI: $528,173 Year Built: 1997-2003 EXECUTIVE SUMMARY 1112 Leslie Cir., Killeen, TX 76549 Killeen Townhomes Portfolio
Transcript of E X E C U T I V E S U M M A R Y K i l l e e n To w n h o m ......re n t c o m p s, c a n ra is e re...
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.704.5001 || https:wallergrouphomes.com 1
JOHN [email protected]
PROPERTY OVERVIEW
Waller Group is proud to present the Killeen Townhomes Portfolio in Killeen, TX. This property is currently 100%occupied, and the 14 buildings contain a total of 52 units. The portfolio comes with a fully-built website and domainname that will be transferred with the sale.
The buildings were constructed from 1997 – 2003 and 70% of the units are within a 0.5 mile radius. Roughly 50% ofthe units are furnished. The portfolio is currently achieving $405,087 in annual NOI. New ownership, based on arearent comps, can raise rents on the unfurnished units by $476 / unit, which is a $0.46 / sqft bump. With this bump, newownership can achieve an annual NOI of $528,173.
Additionally, there is the opportunity to raise additional income fees through implementing a ratio utility billingsystem, application fees, parking fees, and pet fees. Another cost saving opportunity would be through waterconservation opportunities such as updates on faucets, showers, and low flow toilets, which can save up to 20% onwater bills. Management is based out of Monterrey, Mexico and is paid roughly $16k (equating to 2.3% of EGI) tohelp fill the units. Current management can be extended to new owner for at least 1 year. Proforma financials wereunderwritten with a 5.0% management fee.
OFFERING SUMMARY
Sale Price: $5,650,000
Building Size: 50,884 SF
Occupancy: 100%
Number of Buildings: 14
Number of Units: 52
Price / SF: $111.04
Current Cap Rate: 7.17%
Current NOI: $405,087
Pro Forma Cap Rate: 9.35%
Pro Forma NOI: $528,173
Year Built: 1997-2003
E X E C U T I V E S U M M A R Y
1112 Leslie Cir., Killeen, TX 76549Killeen Townhomes Portfolio
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.704.5001 || https:wallergrouphomes.com 2
JOHN [email protected]
A D D I T I O N A L P H O T O S
1112 Leslie Cir., Killeen, TX 76549Killeen Townhomes Portfolio
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.704.5001 || https:wallergrouphomes.com 3
JOHN [email protected]
L O C A T I O N M A P
1112 Leslie Cir., Killeen, TX 76549Killeen Townhomes Portfolio
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.704.5001 || https:wallergrouphomes.com 4
JOHN [email protected]
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 11,191 67,975 134,293
Average age 26.6 26.9 26.6
Average age (Male) 25.1 25.1 25.4
Average age (Female) 28.4 28.6 27.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,891 23,186 43,849
# of persons per HH 2.9 2.9 3.1
Average HH income $55,003 $53,759 $51,765
Average house value $100,013 $120,005 $124,233
* Demographic data derived from 2010 US Census
D E M O G R A P H I C S M A P & R E P O R T
1112 Leslie Cir., Killeen, TX 76549Killeen Townhomes Portfolio
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