1902 S 8th St - Apartments FOR SALE


Waco, TX 76706- Downtown Waco
$2,250,000 USD
512-966-9781
1902 S 8th St, Waco, TX for Sale
$2,250,000 USD
Apartments - FOR SALE
1/16
null | 6.26% Cap Rate

1902 S 8th St
Waco, TX 76706
Downtown Waco


HIGHLIGHTS

  • Walking distance to campus
  • Recently updated

OVERVIEW

This well-maintained property is ideally situated in a highly sought-after location near Baylor University, offering excellent visibility and accessibility. Recent updates include a roof, fresh exterior paint, durable Hardiplank sheathing, modern vinyl plank flooring, security lighting, and updated entry pads. With these key improvements already completed, this property is well situated for investors. The property offers strong future potential, including the possibility of converting to condominiums and selling units individually down the line. Currently offering a solid 6% cap rate, this is an outstanding investment opportunity in a growing and vibrant area.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

5

PRICE/UNIT

$450,000

CAP RATE

6.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8th & Wood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,400 SF

ZONING

O2

APN/PARCEL ID

48-001600-007102-7,48-001600-007103-9,48-001600-007104-0,48-001600-007105-2,48-001600-007106-4

ASK ABOUT THIS PROPERTY

Kristofer KasperSeed Property GroupMore Info
512-966-9781

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Kristofer KasperSeed Property GroupMore Info
512-966-9781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.