416 Owen Ln | Waco, TX 76710
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This Multifamily Property is no longer advertised on LoopNet.com.
416 Owen Ln
Waco, TX 76710
Fleetwood Square · Multifamily Property For Sale
·
120 Units

INVESTMENT HIGHLIGHTS
- Ready for Rebranding With Additional $6.5+ Million In Value-Add Upside
- 65% Two and Three-Bedroom Units – Up to 1,179 SF
- Double-Digit Cash-on-Cash by the End of Year 2
- $250 Rent Bumps on Renovated Units
- A+ Rated Midway School District
- Offered Free and Clear or Option To Assume Fannie Mae Debt With a 4.76% Interest Rate
PROPERTY FACTS
| No. Units | 120 | Lot Size | 5.82 AC |
| Property Type | Multifamily | Building Size | 106,126 SF |
| Property Subtype | Apartment | Average Occupancy | 86% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | O2 | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.82 AC |
| Building Size | 106,126 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | O2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | - | 700 |
| 2+1 | 40 | - | 907 |
| 2+2 | 22 | - | 981 |
| 3+2 | 16 | - | 1,179 |
LINKS
PROPERTY TAXES
| Parcel Numbers |
Multiple
|
Improvements Assessment | $12,646,710 |
| Land Assessment | $2,286,060 | Total Assessment | $14,932,770 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 36-005507-007000-4
- 48-009601-002200-9
Land Assessment
$2,286,060
Improvements Assessment
$12,646,710
Total Assessment
$14,932,770
Listing ID: 29119320
Date on Market: 7/27/2023
Last Updated:
Address: 416 Owen Ln, Waco, TX 76710
The Multifamily Property at 416 Owen Ln, Waco, TX 76710 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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