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600 E Craven Ave 18 Unit Apartment Building $1,275,000 ($70,833/Unit) Waco, TX 76705
EXECUTIVE SUMMARY
18-Unit Multifamily Asset in the Heart of Waco, TX
Located at 600 East Craven Avenue, this fully renovated 18-unit property presents a turnkey investment opportunity in Waco’s rapidly expanding rental market. Each unit features modern 1/1 and 2/1, perfectly suited for single professionals and couples—an increasingly in-demand demographic in the area. With approximately 95% occupancy, the property delivers strong, stable income with minimal deferred maintenance, allowing for immediate cash flow from day one,
Positioned just minutes from downtown Waco, Baylor University, and major employment corridors, the property offers exceptional tenant accessibility to shopping, dining, public transit, and more. The blend of quality renovations, high occupancy, and a central location makes 600 E Craven Ave an attractive low-maintenance asset for both seasoned investors and those entering the multifamily space.
Located at 600 East Craven Avenue, this fully renovated 18-unit property presents a turnkey investment opportunity in Waco’s rapidly expanding rental market. Each unit features modern 1/1 and 2/1, perfectly suited for single professionals and couples—an increasingly in-demand demographic in the area. With approximately 95% occupancy, the property delivers strong, stable income with minimal deferred maintenance, allowing for immediate cash flow from day one,
Positioned just minutes from downtown Waco, Baylor University, and major employment corridors, the property offers exceptional tenant accessibility to shopping, dining, public transit, and more. The blend of quality renovations, high occupancy, and a central location makes 600 E Craven Ave an attractive low-maintenance asset for both seasoned investors and those entering the multifamily space.
PROPERTY FACTS
| Price | $1,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 18 | Building Size | 9,378 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2000 |
| Zoning | C | ||
| Price | $1,275,000 |
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 9,378 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+1 | 3 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 20-030600-016800-7 | Improvements Assessment | $862,819 |
| Land Assessment | $23,520 | Total Assessment | $886,339 |
PROPERTY TAXES
Parcel Number
20-030600-016800-7
Land Assessment
$23,520
Improvements Assessment
$862,819
Total Assessment
$886,339
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600 E Craven Ave
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