11 Addi Ln - Apartments FOR SALE


Waco, TX 76705
$4,050,000 USD
805-574-7520
11 Addi Ln, Waco, TX for Sale
$4,050,000 USD
Apartments - FOR SALE
1/20
null | 8.95% Cap Rate

11 Addi Ln
Waco, TX 76705


HIGHLIGHTS

  • Offering a high-performing portfolio totaling 24 units at 100% occupancy with duplexes, fourplexes, contiguous townhomes, and a six-unit building.
  • 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.
  • Comprises a 24-unit collection of adjacent buildings in North Waco in the Landon Branch neighborhood.
  • Highly flexible for future dispositions with the ability to sell individual buildings after purchasing the portfolio.

OVERVIEW

Discover the multifaceted advantages of the Waco market and acquire assets aligned with growth by investing in this valuable multifamily portfolio. The portfolio comprises 24 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 in the desirable Landon Branch neighborhood. With these well-maintained properties, investors will inherit a fully operational, high-quality, income-producing portfolio. 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 24-unit collection of adjacent buildings 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.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

26

PRICE/UNIT

$155,769

CAP RATE

8.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24-Unit High-Performing Portfolio 8+ Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,877 SF

ZONING

C

APN/PARCEL ID

20-039215-000207-0,20-039215-000208-0,20-039215-000209-0,20-039215-000210-0,20-039215-000211-0,20-039215-000212-0,20-039215-000213-0,20-039215-000214-0,20-039215-000215-0,20-039215-000216-0,20-039215-000305-0,20-039215-000306-0,20-039215-000307-0,20-039215-000308-0,20-039215-000309-0,20-039215-000310-0,20-039215-300000-0

ASK ABOUT THIS PROPERTY

805-574-7520

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805-574-7520

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