This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.
Browse More Listings in Multifamily For Sale, Waco, TX or Texas
Waco Apartment Portfolio
4372 Lake Shore Drive, Waco, TX 76710
326 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 304,130 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- Year Built:
- Listing ID
- Last Updated
- over 1 year ago
The Waco Portfolio consists of 326 units in two distict Class B apartment communities. Located on scenic Lake Shore Drive across the street from Lake Waco, Village Green was built in three phases between 1972 and 1976 and consists of 248 units averaging 933 sf. Village Green has the lowest rents in its competive set, providing the investor with excellent rent growth potential.
Town Oaks, built in 1969, consists of 78 units that average 932 sf. This one-of-a-kind, boutique community is located in the heart of Waco on Sanger Avenue, just south of heavily travelled Valley Mills Road, and benefits from many recent retail developments within one mile of the Property.
Each Property provides significant upside potential for the investor by "repositioning through renovation", including interior upgrades to kitchens and bath areas and adding common area amenities. The Portfolio's value-add potential offers an investor the opportunity for long-term stability, future rent growth potential and value appreciation.
Both Properties are located within close proximity to Interstate 35, US Highway 84, State Highway 6 and Loop 340, providing residents quick access to nearby retailers, employers, Lake Waco and Baylor University.
To recieve the Offering Memoradum, Please fill out the attached Confidentiality Agreement and fax to
Map of 4372 Lake Shore Drive, Waco, TX 76710 (McLennan County)
Research for 4372 Lake Shore Drive, Waco, TX 76710 (McLennan County)
- Demographics – Population, income & other demographics near 4372 Lake Shore Drive
- Research Price – Recent sales of similar properties
- Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P