Creole Apartments | 6601-6701 May Dr
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Creole Apartments 6601-6701 May Dr
49 Unit Block of Flats £3,129,800 (£63,873/Unit) 6.51% Net Initial Yield Waco, TX 76710
Investment Highlights
- Proximity to Baylor University: Just minutes away from Baylor University, one of Texas’s major universities, providing a consistent demand
- Student Population: With thousands of students enrolled at Baylor, the demand for rental units remains high, ensuring a steady tenant base.
- Shopping & Dining: Close to various shopping centers, restaurants, and entertainment options, enhancing the appeal for potential tenants.
- Accessibility: Easy access to major roadways, enhancing connectivity to the wider Waco area and nearby amenities.
- In addition to students, the location attracts young professionals and families, contributing to a balanced rental market.
Property Facts
| Price | £3,129,800 | Apartment Style | Low Rise |
| Price Per Unit | £63,873 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.15 AC |
| Net Initial Yield | 6.51% | Building Size | 39,400 SF |
| No. Units | 49 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | £3,129,800 |
| Price Per Unit | £63,873 |
| Sale Type | Investment |
| Net Initial Yield | 6.51% |
| No. Units | 49 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 39,400 SF |
| Number of Floors | 2 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 37 | - | 800 |
| 1+1.5 | 8 | - | 750 |
| 2+1.5 | 4 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 36-005507-000104-6 | Improvements Assessment | £2,451,893 |
| Land Assessment | £293,542 | Total Assessment | £2,745,435 |
PROPERTY TAXES
Parcel Number
36-005507-000104-6
Land Assessment
£293,542
Improvements Assessment
£2,451,893
Total Assessment
£2,745,435
zoning
| Zoning Code | R3D |
| R3D |
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Ryan Michie -
Richard Waterhouse -
Matthews Real Estate Investment Services
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Creole Apartments | 6601-6701 May Dr
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