600 & 404 East Craven Avenue Multi-Family FOR SALE


Waco, TX
$2,675,000 USD
210-848-3312
, Waco, TX for Sale
$2,675,000 USD
Multi-Family - FOR SALE
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600 & 404 East Craven Avenue
Waco, TX


OVERVIEW

Fully stabilized 38 unit multifamily portfolio consisting of 404 E Craven Avenue (20 units) and 600 E Craven Avenue (18 units) in the rapidly growing Waco, Texas market. Together, these two neighboring assets offer investors 100% occupancy, immediate cash flow, diversified unit mixes, and long term appreciation potential in one of Central Texas' strongest rental markets. The portfolio features a total of 38 apartment units (20 two-bedroom units at 404 E Craven and a mix of 18 one bedroom and 3 two bedroom units at 600 E Craven) providing a balanced tenant base while reducing leasing risk. Both properties have undergone significant updates, are well maintained with minimal deferred maintenance, and offer ample on site parking, making them truly turnkey investments. Strategically located near schools, shopping, restaurants, and major transportation corridors, the portfolio benefits from Waco's continued population growth, expanding employment base, and increasing demand for affordable rental housing. Investors can capitalize on stable in place income today while positioning themselves for future rent growth and appreciation as the market continues to strengthen.

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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 Notice.