Turnkey 49-Unit Multifamily Asset in Prime Central Waco Location – Creole Apartments | 6701 May Dr, Waco, TX 76710 Introducing Creole Apartments, a stabilized 49-unit multifamily property ideally positioned in the heart of Waco, Texas—a rapidly growing market along the I-35 corridor between Dallas and Austin. This well-maintained asset offers an unbeatable combination of location, performance, and upside, just minutes from major employers, Baylor University, top retail centers, and entertainment hubs. Nestled near the established neighborhoods of Parkdale Viking Hills and Mountainview, the property benefits from strong surrounding demographics, steady rental demand, and proximity to desirable lifestyle amenities. With a solid occupancy track record and consistent cash flow, Creole Apartments offers immediate income with value-add potential through strategic rent increases and unit enhancements. Waco’s multifamily sector continues to outperform, with low vacancy rates, rising rents, and sustained economic growth fueled by expanding sectors such as healthcare, education, logistics, and manufacturing. Whether you’re a first-time investor or expanding your portfolio, this is a rare opportunity to acquire a well-located, cash-flowing property in one of Texas’s most resilient secondary markets. The Waco real estate market remains resilient, with rising rental demand and a strong investor presence. While median home prices have adjusted slightly, the price per square foot has increased by 10.3% year-over-year, signaling ongoing market appreciation. The average rent in Waco is $1,474, offering investors a competitive rental yield compared to national averages. Future Growth & Economic Development Waco continues to experience economic expansion, driven by Baylor University, the healthcare sector, and increased commercial development. Infrastructure improvements and business investments are further enhancing the city’s appeal, making it a prime market for both renters and real estate investors. With growing interest from Dallas and Austin transplants, the demand for quality rental properties is expected to rise, solidifying Creole Apartments as a valuable long-term investment.