Property

$762,000
Beds
Bath
0.321 Acres Acres
sqft

Contact

BCP Listing:
Yes
List Office Name:
Waller Group LLC
List Agent Name:
Logan Waller
Phone Number:
254-675-3818
MLS ID:
14434894
MLS Source:
North Texas Real Estate Information Systems

Location

Address:
1400  Woodbine Street, Bellmead, Texas 76705
Directions:
Get on US-75 S from N Central Expy; Follow I-35E and I-35 S to N Interstate 35 Frontage Rd in McLennan County. Take exit 338B from I-35 S; Continue on N Interstate 35 Frontage Rd; Turn right onto Behrens Cir; Turn left onto Woodbine St; Destination will be on the right
County:
McLennan
Subdivision:
Oaklawn Terrace
School District:
La Vega ISD
Elementary School:
La Vega

Direction

Get on US-75 S from N Central Expy; Follow I-35E and I-35 S to N Interstate 35 Frontage Rd in McLennan County. Take exit 338B from I-35 S; Continue on N Interstate 35 Frontage Rd; Turn right onto Behrens Cir; Turn left onto Woodbine St; Destination will be on the right

Description

Waller Group Properties is proud to present this 16 unit Multifamily property in Waco, TX. Built in 1979, this Class C property is currently operating at an NOI of $61,992 at an 8.14% cap rate on actuals. The property features 14 Studio units (495 SF) and 2 Duplex units (885 SF). This is a turnkey investment, presenting new ownership with the opportunity to capitalize on below market rents on newly renovated units. This investment offers an unlevered IRR of 12.56%. *********OFFERING MEMORANDUM in attachments *****************

Property Information

Type:
MUL-Apartment/5Plex+
Year Built:
1979
Acreage:
0.321 Acres
Stories:
2
Parking Features:
Uncovered
Pool:
No
Foundation:
Slab
Roof:
Composition
Utilities:
Asphalt,City Sewer
Heating:
Central Air-Elec,Central Heat-Elec,Zoned
Other Equipment:
Other,Range/Oven-Electric
Interior Features:
Other,Window Coverings
Construction:
Brick,Concrete,Wood
Handicap Amenities:
No
Alarm/Security:
Fire/Smoke
Will Subdivide:
No