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Brazos Terrace Apartments 501 N 12th St

12 Unit Block of Flats £821,573 (£68,464/Unit) 6.89% Net Initial Yield Waco, TX 76701

Investment Highlights

  • Multifamily Investment Opportunity
  • 100% Leased
  • 1BD/1BA Units (540 SF)

Executive Summary

Multifamily Investment Opportunity
1BD/1BA Units (540 SF)
100% Leased
Close Proximity to US Highway 84 & Downtown Waco
Financials Available Upon Request

Property Facts

Price £821,573 Building Class C
Price Per Unit £68,464 Lot Size 0.32 AC
Sale Type Investment Building Size 6,480 SF
Net Initial Yield 6.89% Average Occupancy 100%
No. Units 12 Number of Floors 2
Property Type Residential Year Built 1982
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price £821,573
Price Per Unit £68,464
Sale Type Investment
Net Initial Yield 6.89%
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.32 AC
Building Size 6,480 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1982
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 £622.05 540

Links

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PROPERTY TAXES

Parcel Number 48-010000-001801-0 Improvements Assessment £275,806
Land Assessment £27,581 Total Assessment £303,387

PROPERTY TAXES

Parcel Number
48-010000-001801-0
Land Assessment
£27,581
Improvements Assessment
£275,806
Total Assessment
£303,387

zoning

Zoning Code O2 (Office Residence)
O2 (Office Residence)
(254) 870-0050

Contacts

  • Listing ID: 33806028

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: 501 N 12th St, Waco, TX 76701

The Downtown Waco Residential Property at 501 N 12th St, Waco, TX 76701 is currently available. Contact Onward Real Estate Team at KW Commercial for more information.

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© 2024 CoStar Group

Brazos Terrace Apartments | 501 N 12th St
(254) 870-0050 x

Brazos Terrace Apartments | 501 N 12th St

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Brad Harrell

(254) 870-0050

(254) 870-0050

Adam Voight

(254) 870-0050

(254) 870-0050

Xavier Rosas

(254) 633-9515

(254) 633-9515

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