Madeira Apartments | 7301 Sanger Ave
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Madeira Apartments 7301 Sanger Ave
72 Unit Block of Flats For Sale Waco, TX 76712
Investment Highlights
- Well-maintained and attractive 72-unit garden-style community positioned for value-add improvements
- Strategically located in the Texas Triangle between Austin and Dallas, poised to capitalize on expanding employment and population
- Attractive pricing offers significant upside potential through targeted renovations
- Major employers like SpaceX, Amazon, Mars Candy, and Caterpillar Inc. driving significant job growth and economic expansion in Waco
- Comprehensive community amenities include fitness center, clubhouse, tennis court, sauna, and swimming pool
Executive Summary
Madeira Apartments is a renovated 72-unit multifamily community located in Waco, TX, in McLennan County. Built in 1973 and situated on a total area of 3.36 acres, the garden-style property is comprised of 5 two-story brick apartment buildings with flat roofs. Madeira offers spacious and contemporary one- and two-bedroom floor plans. Amenities may vary by unit and include fully equipped kitchens with pantries, wood-grain vinyl plank flooring, walk-in closets, washer and dryer connections in select units, and private patios / balconies. Common area amenities include controlled gated access, a fitness center, a clubhouse, a swimming pool, and laundry facilities. The grounds are professionally maintained and contain open green spaces with a variety of mature shade trees and blooming vegetation. The property is situated in a low-density residential neighborhood with quick access to conveniences.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 3.36 AC |
| No. Units | 72 | Building Size | 70,000 SF |
| Property Type | Residential | Average Occupancy | 99% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2009 |
| Building Class | B | Parking Ratio | 1.55/1,000 SF |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.36 AC |
| Building Size | 70,000 SF |
| Average Occupancy | 99% |
| Number of Floors | 2 |
| Year Built/Renovated | 1973/2009 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Centre
- Laundry Facilities
- Property Manager on Site
- Sauna
- Tennis Court
- Laundry Service
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 44 | - | 528 - 744 |
| 2+1 | 12 | - | 886 |
| 2+2 | 16 | - | 956 - 1,072 |
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PROPERTY TAXES
| Parcel Number | 48-018901-003900-6 | Improvements Assessment | £3,724,256 |
| Land Assessment | £401,178 | Total Assessment | £4,125,434 |
PROPERTY TAXES
Parcel Number
48-018901-003900-6
Land Assessment
£401,178
Improvements Assessment
£3,724,256
Total Assessment
£4,125,434
zoning
| Zoning Code | R-3C |
| R-3C |
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Madeira Apartments | 7301 Sanger Ave
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