Listing contacts

Joe Garrett  

GROWTH Partners

(214) 226-4395

Active

Asking price: $2,825,000
Added: 2020-01-07 Updated: 2020-01-17

Info

Address 701 N 46th Street
City Killeen
State TX
Zip Code 76543
County Bell
Total Lot Size 2.54 acres
Year Built
Property type Self Storage

Details

Trailing 12 Month Cap Rate 6.15 %
NOI $173,609
Number of units 403
APN # Bell County Property ID 134343
Physical Occupancy 85%

Demographics

Median household income (5-mile radius) 42,386
Renters occupied (5-mile radius) 58 %
Num of competitors (5-mile radius) 33
Sq.Ft. per capita (1-mile radius) 21.53
5x5 unit average price $58
5x10 unit average price $87
10x10 unit average price $121

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Highlights

  • BELOW MARKET RENTS
  • SELLER FINANCING-PROFESSIONAL MANAGEMENT CAN STAY IN PLACE
  • PRICED BELOW REPRODUCTION COST
  • 104 UNITS EASILY CONVERTIBLE TO CLIMATE CONTROL
  • GREAT LOCATION TO FORT HOOD, MULTIFAMILY & RESIDENTIAL POPULATION!!!
  • 24/7/365 ACCESS-VIDEO MONITORED-WEBSITE PAYMENT INTEGRATION SYSTEM
  • OUT OF TOWN SELLER RETIRING
  • AUTHORIZED U-HAUL DEALER

Description

The Attic is a Class A, 7 building, fully gated 403 unit (93 Climate Controlled now, easy to convert an additional 104 indoor hallway units with 2-5 ton a/c units) all ground level secure facility with Modern 2 story brick Office/Living building at the entry. The First story is the business office with storage and second story Managers unit is a Large one bedroom apartment home w/ full bath, walk-in closet, kitchen and utility room.

Location details

KILLEEN TEXAS-68 miles North of Austin and 124 miles South of Dallas. Killeen is host to Fort Hood, the largest active-duty, armored US military base in the world which at one time housed around 95,000 people. A sprawling 340 square mile (878 square km) installation 50 miles south of Waco in northeastern Texas. Fort Hood is the largest single employer in the state. Based on data from the American Community Survey, in 2017 there were 6,377 households in the city. The homeowner vacancy rate was 0%, Fort Hood is now the largest active duty armored post in the U.S. Armed Forces. There are nearly 40,000 Soldiers who work on Fort Hood. The Soldiers of Fort Hood are infantrymen, cavalrymen, and tankers. They are engineers, mechanics and health care professionals. They are the life of Fort Hood. Their training gives Fort Hood its purpose, just as Camp Hood troops did back in 1942. They are part of what has made Fort Hood "The Great Place" for more than seven decades. About 25% of the workforce in Killeen is employed in sales and office occupations. Service workers comprise about 24% of the city's labor force. Approximately 21% of the workforce is employed in management, professional and related occupations. Shown below is a list of the leading employers in Killeen and the surrounding area: • Fort Hood(with contractors approxx.) 80,000 • Killeen Independent School District 6,000 • Central Texas College 1,486 • MetroPlex Hospital 1,200 • Fort Hood Exchange 1,100


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