927 Maplewood Dr Harker Heights, TX 76548
- Residential income homes
- 138,553 SF
Current Use by Public Records
- Residential income homes
Property Details for 927 Maplewood Dr
- Property size
- 138,553 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of 46 duplexes, totaling 92 units, located in Harker Heights, Texas. Built between 2004 and 2021, this stabilized multifamily property boasts a substantial 138,553 square feet of net rentable space. Currently operating at 99% occupancy, the portfolio generates a strong net operating income (NOI) of $626,780, representing a 5.01% cap rate. Pro-forma projections indicate a significant increase in NOI to $858,772 and a 6.87% cap rate, showcasing substantial upside potential. The asking price is $12,500,000, translating to $135,869.57 per unit and $90.22 per square foot. The property is comprised of single-story buildings and benefits from established property management, ensuring consistent income generation and minimal vacancy. This portfolio is offered as a whole, but inquiries are welcome for potential smaller packages of 48, 28, or 16 units. The property is individually/LLC owned and located at 927 Maplewood Dr, Harker Heights, TX 76548, in Bell County. This is an ideal acquisition for investors seeking a high-performing, multifamily asset with proven profitability and significant growth prospects in a desirable Texas market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harker Heights
- County
- Bell
- State
- Texas
- Longitude
- -97.6542
- Latitude
- 31.0604
