Located just 30 minutes from both Waco and Temple, this 12-unit multifamily property at 518 Cypress Rd in Lott, TX presents a strong value-add investment opportunity. Priced at $750,000, the property consists of three residential buildings, each with four spacious 2-bedroom, 1-bathroom units measuring approximately 875 sq. ft., plus a separate building housing an on-site laundry facility and office. With some units already occupied and others in need of rehab, this asset is ideal for an investor looking to reposition and increase rental income through renovations and lease-ups. The property has strong income potential, with a pro forma gross annual income of +/-$140k once stabilized. Demand for affordable housing in the region continues to grow, and with its proximity to major employment centers, this complex offers the perfect mix of location and long-term upside. Whether you’re looking to build cash flow or add to your portfolio, this is an opportunity to secure a multi-unit property at an attractive price point with immediate potential for increased returns.