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Multifamily

Copper Mountain

2501 Bacon Ranch Rd, Killeen, TX 76542

Listing Price: $18,750,000

Cap Rate
6.76%
Number of Units
214
GRM
6.69
Occupancy
96.7%
Price/Unit
$87,617
Price/Gross SF
$143.69
Gross SF
130,485

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Copper Mountain, a 211-unit apartment community built in 1985 in Killeen, Texas. The property offers significant value creation through a potential $4.2 million immediate tax deduction via cost segregation and bonus depreciation, along with more than $120,000 in projected NOI improvement through insurance expense optimization. Investors benefit from outstanding projected returns, including an estimated 7.3% tax-adjusted cap rate, approximately 12% year-one total return, and a 28% five-year leveraged IRR. Positioned within one of America’s fastest-growing and most affordable cities and supported by the massive employment base of Fort Cavazos, Copper Mountain represents a compelling opportunity for both strong current yield and long-term appreciation.

Investment Highlights

  • Capture $4.2M immediate tax deduction plus $120K+ NOI upside through insurance savings
  • Strong projected returns including ~12% year-one total return and 28% five-year IRR
  • Supported by Fort Cavazos employment base and rapid regional population growth

Exclusively Listed By

Financing By

Multifamily

Copper Mountain

Listing Price: $18,750,000

Cap Rate
6.76%
Number of Units
214
GRM
6.69
Occupancy
96.7%
Price/Unit
$87,617
Price/Gross SF
$143.69
Gross SF
130,485

Investment Highlights

  • Capture $4.2M immediate tax deduction plus $120K+ NOI upside through insurance savings
  • Strong projected returns including ~12% year-one total return and 28% five-year IRR
  • Supported by Fort Cavazos employment base and rapid regional population growth

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Copper Mountain, a 211-unit apartment community built in 1985 in Killeen, Texas. The property offers significant value creation through a potential $4.2 million immediate tax deduction via cost segregation and bonus depreciation, along with more than $120,000 in projected NOI improvement through insurance expense optimization. Investors benefit from outstanding projected returns, including an estimated 7.3% tax-adjusted cap rate, approximately 12% year-one total return, and a 28% five-year leveraged IRR. Positioned within one of America’s fastest-growing and most affordable cities and supported by the massive employment base of Fort Cavazos, Copper Mountain represents a compelling opportunity for both strong current yield and long-term appreciation.

Exclusively Listed By

Financing By

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