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6531 May Dr
Waco, TX 76710

16-Unit Multifamily Complex · Multifamily Property For Sale · 16 Units

Investment Highlights

  • Financials Available Upon Request
  • Newly Renovated Units
  • New Roof (2024)

Executive Summary

This 16-unit multifamily complex on May Drive in the heart of Waco, Texas, presents an exceptional investment opportunity. Situated within an Opportunity Zone, this property offers significant tax incentives for investors looking to enhance their portfolio while contributing to the revitalization of the area. The complex offers newly renovated units, thoughtfully updated to attract quality tenants, with modern finishes and amenities that provide a comfortable living experience. Each unit is ready for immediate occupancy, ensuring a steady income stream from day one.
Additionally, a key highlight of the property is the brand-new roof, installed in 2024, adding value and long-term durability to the complex. This recent upgrade, combined with the renovations, minimizes future maintenance costs, allowing potential buyers to focus on maximizing the property’s return on investment. Whether you are a seasoned investor or someone looking to enter the multifamily market, this complex offers both stability and growth potential in a thriving market.
Financial details are available upon request, providing transparency and allowing for careful evaluation of the property’s performance. With Waco’s growing population and demand for rental properties, this multifamily complex represents a rare chance to acquire a well-maintained asset in an area poised for continued development and economic growth.

PROPERTY FACTS

Price Per Unit $90,625
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Lot Size 0.97 AC
Building Size 18,200 SF
No. Stories 2
Year Built/Renovated 1969/2024

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven

Site Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-005507-000700-7
Land Assessment
$147,350
Improvements Assessment
$596,050
Total Assessment
$743,400

zoning

Zoning Code R-3E (Multiple Family Residence)
R-3E (Multiple Family Residence)
  • Listing ID: 33383828

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 6531 May Dr, Waco, TX 76710

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