This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

942 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Creole Apartments 6601-6701 May Dr

49 Unit Apartment Building $5,669,880 CAD ($115,712 CAD/Unit) 6.51% Cap Rate Waco, TX 76710

Apartment Buildings Texas Waco 6601-6701 May Dr, Waco, TX 76710

Investment Highlights

  • Proximity to Baylor University: Just minutes away from Baylor University, one of Texas’s major universities, providing a consistent demand
  • Student Population: With thousands of students enrolled at Baylor, the demand for rental units remains high, ensuring a steady tenant base.
  • Shopping & Dining: Close to various shopping centers, restaurants, and entertainment options, enhancing the appeal for potential tenants.
  • Accessibility: Easy access to major roadways, enhancing connectivity to the wider Waco area and nearby amenities.
  • In addition to students, the location attracts young professionals and families, contributing to a balanced rental market.

Property Facts

Price $5,669,880 CAD Apartment Style Low Rise
Price Per Unit $115,712 CAD Building Class C
Sale Type Investment Lot Size 2.15 AC
Cap Rate 6.51% Building Size 39,400 SF
No. Units 49 No. Stories 2
Property Type Multifamily Year Built 1970
Property Subtype Apartment
Price $5,669,880 CAD
Price Per Unit $115,712 CAD
Sale Type Investment
Cap Rate 6.51%
No. Units 49
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 2.15 AC
Building Size 39,400 SF
No. Stories 2
Year Built 1970

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 37 - 800
1+1.5 8 - 750
2+1.5 4 - 1,000

Links

1 of 1

PROPERTY TAXES

Parcel Number 36-005507-000104-6 Improvements Assessment $4,380,468 CAD
Land Assessment $524,432 CAD Total Assessment $4,904,900 CAD

PROPERTY TAXES

Parcel Number
36-005507-000104-6
Land Assessment
$524,432 CAD
Improvements Assessment
$4,380,468 CAD
Total Assessment
$4,904,900 CAD

zoning

Zoning Code R3D
R3D
(737) 587-2822

  • Listing ID: 33370247

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 6601-6701 May Dr, Waco, TX 76710

The Multifamily Property at 6601-6701 May Dr, Waco, TX 76710 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
6601-6701 May Dr, Waco, TX for sale Building Photo- Image 1 of 5
HERO (3)
6601-6701 May Dr, Waco, TX for sale Building Photo- Image 2 of 5
2ND (1)
6601-6701 May Dr, Waco, TX for sale Building Photo- Image 3 of 5
MAP 2 (1)
6601-6701 May Dr, Waco, TX for sale Building Photo- Image 4 of 5
MAP 1

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Creole Apartments | 6601-6701 May Dr
(737) 587-2822 x

Creole Apartments | 6601-6701 May Dr

1/2

Ryan Michie

(737) 587-2822

(737) 587-2822

Richard Waterhouse

(361) 944-4747

(361) 944-4747

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link