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344 Richland Dr
Waco, TX 76710
Three 44 Apartments · Multifamily Property For Sale
·
152 Units
PROPERTY FACTS
| No. Units | 152 | Lot Size | 9.00 AC |
| Property Type | Multifamily | Building Size | 130,052 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2001 |
| Building Class | B | Parking Ratio | 1.39/1,000 SF |
| Zoning | R-3E - Multi-Family | ||
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.00 AC |
| Building Size | 130,052 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2001 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R-3E - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Planned Social Activities
- Maintenance on site
ABOUT 344 RICHLAND DR , WACO, TX 76710
Landmark Apartments are a 152 unit residential community located at 344 Richland Drive in Waco, Texas. built in 1972. The property offers three spacious floor plans comprised of one bedroom, two bedroom and three bedroom units at an average unit size of 837± square feet. Each unit has am individual Hot Water Heater even though the property is operated as an "All Bills Paid" property. The asset is an excellent opportunity for an investor to purchase and reposition the asset to compete with "B" assets in the area. Continued interior improvements, exterior landscaping improvements, upgrading the amenity package and implementing a RUBS for electricity and water could re-position the asset for long term income growth. The community is conveniently located adjacent to the Richland Mall and within a short commute to Lake Waco as well as just a little over 4 miles from downtown Waco. Major transportation arteries in the area are less than a few minutes from the property and offer residents an easy commute to most of the major employment areas and entertainment venues of Waco. Please do not visit the property without an appointment made through the broker.
PROPERTY TAXES
| Parcel Number | 48-040501-013600-2 | Improvements Assessment | $8,300,940 |
| Land Assessment | $1,699,060 | Total Assessment | $10,000,000 |
PROPERTY TAXES
