28-Unit High-Performing Portfolio 8+ Cap 2 Multifamily Properties Offered at $5,795,185 CAD in Waco, TX
INVESTMENT HIGHLIGHTS
- Offering a high-performing portfolio totaling 28 units at 100% occupancy with duplexes, fourplexes, contiguous townhomes, and a six-unit building.
- Comprises a 26-unit collection of adjacent buildings in North Waco and a duplex at 3120 N 30th Street in the Landon Branch neighborhood.
- Highly flexible for future dispositions with the ability to sell individual buildings after purchasing the portfolio.
- Immediate income opportunity ideal for new buyers looking to self-manage or expand portfolios with strong historical occupancy rates, proving success.
- Positive outlook as the number of households within a 5-mile radius grew by 6.8% from 2020 to 2024 and is projected to rise 6.5% by 2029.
EXECUTIVE SUMMARY
Discover the multifaceted advantages of the Waco market and acquire assets aligned with growth by investing in this valuable multifamily portfolio.
The portfolio comprises 28 units across a mix of assets, including freestanding duplexes and fourplexes, contiguous townhomes, and a six-unit single-story apartment building. Twenty-six of the units are in a cluster of buildings around Addi Lane, and an additional duplex is at 3120 N 30th Street in the desirable Landon Branch neighborhood. Investors will inherit a fully operational, high-quality, income-producing portfolio with these well-maintained properties.
Currently 100% leased, this portfolio is ready to continue its longstanding success as it has not dipped below a 90% occupancy rate in over four years. This is ideal for investors looking to make an impactful entrance into the market or greatly expand their portfolio with buildings and townhomes on dedicated parcels so buyers can easily sell off surplus assets individually.
Waco is a pivotal hub for Central Texas, as its key positioning along Interstate 35 makes it crucial for dozens of industries, from logistics to public administration. Both the 26-unit collection of adjacent buildings and 3120 N 30th Street are well-positioned to attract a diverse mix of residents. Major employment hubs like Baylor University, Doris Miller VA Medical Center, and dozens of government agencies are within 15 minutes of both locations. Employment in Waco’s education and health services industry went up 4.5% over 2024, underpinning the optimistic long-term outlook this market provides.
The portfolio comprises 28 units across a mix of assets, including freestanding duplexes and fourplexes, contiguous townhomes, and a six-unit single-story apartment building. Twenty-six of the units are in a cluster of buildings around Addi Lane, and an additional duplex is at 3120 N 30th Street in the desirable Landon Branch neighborhood. Investors will inherit a fully operational, high-quality, income-producing portfolio with these well-maintained properties.
Currently 100% leased, this portfolio is ready to continue its longstanding success as it has not dipped below a 90% occupancy rate in over four years. This is ideal for investors looking to make an impactful entrance into the market or greatly expand their portfolio with buildings and townhomes on dedicated parcels so buyers can easily sell off surplus assets individually.
Waco is a pivotal hub for Central Texas, as its key positioning along Interstate 35 makes it crucial for dozens of industries, from logistics to public administration. Both the 26-unit collection of adjacent buildings and 3120 N 30th Street are well-positioned to attract a diverse mix of residents. Major employment hubs like Baylor University, Doris Miller VA Medical Center, and dozens of government agencies are within 15 minutes of both locations. Employment in Waco’s education and health services industry went up 4.5% over 2024, underpinning the optimistic long-term outlook this market provides.
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- Rent Roll
PROPERTY FACTS
| Price | $5,795,185 CAD |
| Price / SF | $174.75 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 33,162 SF |
| Total Land Area | 0.77 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 11 Addi Ln, Waco, TX 76705 | Multifamily | 30,062 SF | 2017 | - |
| 3120 N 30th St, Waco, TX 76708 | Multifamily | 3,100 SF | 2017 | - |
SALE ADVISOR
SALE ADVISOR
Aaron Amuchastegui, Principal
(805) 904-8369
Contact
Aaron has bought and sold more than 1,000 houses buying foreclosures on the courthouse steps. He manages real estate investment funds with 750 single-family rentals, mostly in Texas.
Now, he uses that experience to help others while hosting the Real Estate Rockstars Radio podcast and as the CEO of Roddy's Foreclosure Listing Service, where they create software for real estate investors and provide foreclosure leads and free training.
Now, he uses that experience to help others while hosting the Real Estate Rockstars Radio podcast and as the CEO of Roddy's Foreclosure Listing Service, where they create software for real estate investors and provide foreclosure leads and free training.
