(151563) 16 Unit Complex with Stable Occupancy and Multiple Value Plays, Waco, TX Sold

  • $679,900

Collect $9,495/month OR MORE on this 16 Unit Apartment Complex

*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

Now you can own 16(14 units + Duplex) income-producing units through one property purchase!

This multifamily property offers multiple money-generating strategies:
 Great Investment Opportunity in WACO,TX
 Rental Increase Upside
 1979 built
 Cap Rate on actuals 9.2%
 NOI actual $62,772
 100% Occupancy
 Stable occupancy with opportunity for rent increases and further value creation
 6 min drive from Baylor University
 Additional Revenue from Onsite Coin Laundry around $250/month.
 Just off of I-35 in North Waco, allowing tenants easy access to employment, shopping and entertainment
 Great exposure to the property by the drive-by traffic, nearly 55,000 cars daily on I-35
 1.5 hour drive to Dallas and 1.5 hour drive to Austin
 Excellent Professional Property Management Company available
 Value play: Rent Increase!
 Perfect for 1031 Exchange
 No Seller Financing
 Perfect for 1031 Exchange
 No Seller Financing
 Purchase Price $679,900


1400 Woodbine St
Waco, TX 76705
For Sale
Property Type:

Additional Features

Property Location