6601-6701 May Dr - Apartments FOR SALE


Waco, TX 76710
$4,125,000 USD
210-848-3312
6601-6701 May Dr, Waco, TX for Sale
$4,125,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

6601-6701 May Dr
Waco, TX 76710


HIGHLIGHTS

  • Centrally Located in Waco – Easy access to shopping, dining, and entertainment
  • Nearby Neighborhoods: Parkdale Viking Hills & Mountainview
  • Close to Major Employers & Universities – Baylor University & Medical District
  • lose to Major Employers & Universities – Baylor University & Medical District Growing Market: Waco’s rental market is strong, with avg. rent of $1,474
  • Affordability & Growth: While home prices dipped 7.4% in 2024, price per square foot increased 10.3%, showing market resilience
  • Prime Location Between Dallas & Austin – Attractive to renters and investors

OVERVIEW

Strategic Location & Accessibility Situated in central Waco, Creole Apartments provides convenient access to major employers, universities, and entertainment hubs. The property is near Parkdale Viking Hills and Mountainview, well-established neighborhoods known for their desirable amenities, shopping centers, and dining options. Additionally, Waco’s strategic location between Dallas and Austin makes it a prime choice for renters seeking affordability without sacrificing access to major metropolitan areas. Market Stability & Growth Potential The Waco real estate market remains resilient, with rising rental demand and a strong investor presence. While median home prices have adjusted slightly, the price per square foot has increased by 10.3% year-over-year, signaling ongoing market appreciation. The average rent in Waco is $1,474, offering investors a competitive rental yield compared to national averages. Future Growth & Economic Development Waco continues to experience economic expansion, driven by Baylor University, the healthcare sector, and increased commercial development. Infrastructure improvements and business investments are further enhancing the city’s appeal, making it a prime market for both renters and real estate investors. With growing interest from Dallas and Austin transplants, the demand for quality rental properties is expected to rise, solidifying Creole Apartments as a valuable long-term investment.

FOR SALE DETAILS

PRICE

$4,125,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

49

PRICE/UNIT

$84,184

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creole Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

R3D

APN/PARCEL ID

36-005507-000104-6

ASK ABOUT THIS PROPERTY

Kyle HeffronCorpMore Info
210-848-3312

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Kyle HeffronCorpMore Info
210-848-3312

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