Twin Creek — Sale in Killeen, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Killeen, TX 76543
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Description
Marcus & Millichap is pleased to present Twin Creek, a 160-unit multifamily community in Killeen, Texas. Built in 1984, the property spans 11.52 acres and has benefited from $642,984 in recent capital improvements. Twin Creek offers a clear path to enhance NOI through estimated annual savings of $97,087 across insurance and payroll expenses, while the offering materials identify an estimated $4.3 million immediate tax deduction through cost segregation and 100% bonus depreciation. The property generates $1.25 million in pro forma NOI and is positioned near Fort Cavazos, Killeen Independent School District, military defense contractors, and other major employers. Investment Highlights: • 160-unit garden-style community built in 1984 across 11.52 acres, with 131,180 NRSF and 300 total parking spaces. • $642,984 in recent capital improvements, including $239,221 in appliance upgrades and $167,404 in interior upgrades. • Pro forma NOI of $1.25M with projected Year 5 NOI of $1.44M, supported by operational and expense-reduction opportunities.
Market Context
This multifamily in Killeen, TX is listed for sale. Compare it against other multifamily listings for sale in Killeen, TX — view the full market.
Contact
- Alec Schenk · (972) 755-5182 · alec.schenk@marcusmillichap.com
- Bard Hoover · (972) 755-5216 · bard.hoover@marcusmillichap.com
- Nick Fluellen · (972) 755-5214 · nick.fluellen@marcusmillichap.com
- John Brickson · (972) 755-5269 · john.brickson@marcusmillichap.com
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