1 / 212-Unit Multifamily in Waco, TX
Mclennan County, TX · listed Nov 8, 2024 (719 days)
- $/unit
- $70,825
- ▼ 23% vs TX · 33rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 1 bldg · 1982
Financials
- Asking price
- $849,900
- Price per unit
- $70,825
- Price per sq ft
- $131
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 1BD/1BA
- Buildings
- 1
- Year built
- 1982
- Building size
- 6,480 sq ft
- Avg unit size
- 540 sq ft
- Lot size
- 0.32 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 8, 2024
- Days on market
- 719 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1127
About this property
Located in the heart of Waco, Texas, Brazos Terrace Apartments offers an exceptional opportunity to invest in a well-maintained, multi-family property in a thriving urban area. Situated at (address on request)reet, this property boasts a prime location with easy access to local amenities, businesses, schools, and major transportation routes.
With spacious one-bedroom units, Brazos Terrace provides comfortable living options for residents seeking convenience, affordability, and a central location in Waco. The community is just minutes from local parks, restaurants, and shops, making it a highly desirable place to live.
Property Features:
- Total Units: 12
- Unit Mix: 1BD/1BA
- Unit Size: 540 SF
- Building Size: 6,480 SF
- Lot Size: 0.32 Acres (13939.20 SF)
- Year Built: 1982
Key Highlights:
- Prime Location: Just minutes from downtown Waco, Baylor University, and major highways (IH-35 & US-84), providing residents with easy access to work, shopping, dining, and recreational options.
- Ample Parking: Residents enjoy convenient/gated on-site parking.
- Nearby Amenities: Walking distance to local schools, parks, public transportation, and shopping centers, including the Waco Downtown District and the Brazos Riverwalk.
Investment Opportunity: Brazos Terrace Apartments offers a stable income-producing property with strong demand for rental units in the area. Whether you are looking to expand your portfolio or enter the multi-family investment market, this property provides the potential for long-term growth and cash flow in one of Central Texas’ most promising rental markets.
Multifamily | 12 Units
Highlights
- Multifamily Investment Opportunity
- 1BD/1BA Units (540 SF)
- 100% Leased
- Close Proximity to US Highway 84 & Downtown Waco
- Financials Available Upon Request
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Waco, TXStabilized | $1.1M | $122K$122K | 7.7% |
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 Waco, TXNew | $1.8M | $360K$360K | — |
 Waco, TXStabilized | $2.35M | $147K$147K | 7% |
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