600 E Craven Ave - Apartments FOR SALE


Waco, TX 76705
$1,400,000 USD
210-848-3312
600 E Craven Ave, Waco, TX for Sale
$1,400,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

600 E Craven Ave
Waco, TX 76705


OVERVIEW

Income-Producing 18-Unit Multifamily Asset in the Heart of Waco, TX Located at 600 East Craven Avenue, this fully renovated 18-unit property presents a turnkey investment opportunity in Waco’s rapidly expanding rental market. Each unit features modern 1-bedroom, 1-bathroom layouts, perfectly suited for single professionals and couples—an increasingly in-demand demographic in the area. With approximately 95% occupancy, the property delivers strong, stable income with minimal deferred maintenance, allowing for immediate cash flow from day one. Positioned just minutes from downtown Waco, Baylor University, and major employment corridors, the property offers exceptional tenant accessibility to shopping, dining, public transit, and more. The blend of quality renovations, high occupancy, and a central location makes 600 E Craven Ave an attractive low-maintenance asset for both seasoned investors and those entering the multifamily space.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

18

PRICE/UNIT

$77,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,746 SF

ZONING

-

APN/PARCEL ID

20-030600-016800-7

ASK ABOUT THIS PROPERTY

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 Policy.