5111 Interstate 35 N | Waco, TX 76705
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- LoopNet Team
5111 Interstate 35 N
Waco, TX 76705
Northwind Apartments · Multifamily Property For Sale
·
71 Units
INVESTMENT HIGHLIGHTS
- Frontage on Interstate-35
- $2.4M+ Value-Add Upside Potential – With Premium Upgrades, Installing Mini-Storage Units, Carports, and Several Other Opportunities
- Rents in Waco Have Increased by 10.6% YoY in the Past 12 Months – Yardi
- Individually Metered for Electricity, Individual Central Heat and Air
- Exceptional Location – Proximate to Restaurants, Shopping, and Entertainment
- 97% Occupied – Opportunity To Acquire a Nearly Fully Leased Asset
PROPERTY FACTS
| No. Units | 71 | Lot Size | 1.95 AC |
| Property Type | Multifamily | Building Size | 32,705 SF |
| Property Subtype | Apartment | Average Occupancy | 86% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built | 1978 |
| Zoning | MF | ||
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.95 AC |
| Building Size | 32,705 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Pet Play Area
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 70 | - | 460 |
| 2+1 | 1 | - | 505 |
PROPERTY TAXES
| Parcel Number | 20-020100-000700-6 | Improvements Assessment | $2,606,320 |
| Land Assessment | $297,150 | Total Assessment | $2,903,470 |
PROPERTY TAXES
Parcel Number
20-020100-000700-6
Land Assessment
$297,150
Improvements Assessment
$2,606,320
Total Assessment
$2,903,470
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