Two-Asset Apartment
For Sale
Contact for pricing
105 N Lacy Dr, Waco, TX 76705
Two apartment communities are offered together along Business 77 with access to the I-35 frontage road.
Property SizeContact for details
Lot Size1.72 Acres
Days on Market144
Property Features for 105 N Lacy Dr
General Information
Standard status
Active
Lot size
1.72 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
60
Building Details
Buildings
5
Construction
garden-style
Listing Agency:
Berkadia Commercial Mortgage Austin
Listed By:
Justin Cole · License #TX
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkadia Commercial Mortgage Austin
Investment Insights
Based on property information with market context.
The offering combines Lacy Lofts and Lacy Terrace, two garden-style apartment communities in Waco. Lacy Lofts contains 43 units across four residential buildings on 1.325 acres, with construction completed in 2011, 2012, 2015, and 2018. Lacy Terrace adds 17 units in a single building on 0.395 acres and was built in 2009. The communities are positioned just north of one another along Lacy Drive, supporting shared ownership of nearby multifamily assets.
Both properties sit along Business 77 with convenient access to the I-35 frontage road in north Waco. Texas State Technical College is located just over 2 miles northeast, providing proximity to a major area institution. The assets are being offered together because of their close location, similar renter demand, and operating efficiencies described for the combined properties.
Both properties sit along Business 77 with convenient access to the I-35 frontage road in north Waco. Texas State Technical College is located just over 2 miles northeast, providing proximity to a major area institution. The assets are being offered together because of their close location, similar renter demand, and operating efficiencies described for the combined properties.
Key Highlights
- Combined offering of Lacy Lofts and Lacy Terrace
- Lacy Lofts includes 43 units across 4 residential buildings
- Lacy Terrace contains 17 units in a single building
Property Analytics
Property Profile
Current Use
Lease Details
60
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 76705, TX
31,736
Population
12,107
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
118.6 sq mi
ZIP Area
268
Density / Sq Mi
$54,881
Median Household Income
$33,076
Median Earnings
$941
Median Rent
$167,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment communities are offered together along Business 77 with access to the I-35 frontage road.
Where is this apartment building located?
The property is located at 105 N Lacy Dr Waco, TX.
What are key features of this property?
This property features: Combined offering of Lacy Lofts and Lacy Terrace; Lacy Lofts includes 43 units across 4 residential buildings; Lacy Terrace contains 17 units in a single building
