Multifamily Kingsman Apts/Gruver Duplex 2 Multifamily Properties in Multiple Locations

18 Unit Gruver Duplex Portfolio + 18 Unit Kingsman Apartments | 36 Units | Part of 3-Portfolio Multifamily Offering: Acquire One or Two Portfolios (Gruver + Kingsman) or Scale to a 52-Unit Multifamily Offering Across the Waco MSA
This offering includes two distinct multifamily portfolios totaling 36 units located within the Waco Metropolitan Statistical Area: the Gruver Duplex Portfolio in Hewitt, Texas and the Kingsman Apartment Portfolio in Waco, Texas. Together, the assets provide a combination of low-density duplex housing and centralized apartment scale, offering investors diversification within a single regional market.
The Gruver Portfolio consists of nine duplex buildings totaling 18 units, positioned within the established Southern Hills subdivision in Hewitt. The properties offer a neighborhood-style residential setting with a clustered layout that supports efficient leasing, maintenance, and management within a single submarket. The duplex format provides a straightforward operational profile and broad tenant appeal driven by workforce housing demand.
The Kingsman Portfolio consists of an 18-unit apartment community across two buildings in Waco. The property features a traditional two-story configuration with a centralized site layout, allowing for efficient oversight and streamlined operations. The unit mix consists of one-bedroom, one-bath units with functional layouts, supporting consistent demand from workforce renters, students, and smaller households. The property includes on-site parking, clear site visibility, and is not located within a flood zone.
Together, the portfolios offer complementary asset types—duplex and apartment—allowing investors to balance operational simplicity with centralized scale. The combination provides flexibility in management approach while capturing demand across multiple renter profiles within the Waco market.
Both portfolios are located within strong rental submarkets supported by population growth, workforce housing demand, and proximity to major employment centers including Baylor University, healthcare systems, and regional commercial corridors.
The Gruver and Kingsman Portfolios are part of a larger three-portfolio, 52-unit multifamily offering within the Waco MSA. Investors have the flexibility to acquire one, two, or all three portfolios, allowing for scalability from a manageable entry point to a broader multi-asset platform within a single regional market. This combined offering presents an opportunity to acquire well-located, income-producing assets with operational efficiency, diversified housing formats, and potential upside through lease-up, rental alignment, and continued demand for attainable housing across Central Texas.