1902 S 8th St Waco, TX 76706

Building Details

Year Built

1998

Listing Agency The Miles Real Estate Group k***@themilestx.com Show Phone

Listed by Kristofer Kasper · License #0609931 Show Phone

Source Elliman

Added: May 21 Checked: Jul 17 at 5:46 am

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Investment Insights

Based on property information with market context.

This well-maintained multifamily property is situated in a location near Baylor University, offering visibility and accessibility. Recent updates include a roof, fresh exterior paint, durable Hardiplank sheathing, modern vinyl plank flooring, security lighting, and updated entry pads. The property offers the possibility of converting to condominiums and selling units individually. The property is located in a somewhat walkable and bikeable area, with a walk score of 56 and a bike score of 56.

Key Highlights

• Strong 7% Cap Rate: Provides immediate and substantial return on investment.
• Highly Sought‑After Location Near Baylor University: Ensures consistent demand and excellent visibility.
• Future Condominium Conversion Potential: Offers a high‑value exit strategy.

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FAQs

What type of property is this?

Apartment building - Well-maintained multifamily property near Baylor University with recent updates.

Where is this apartment building located?

The property is located at 1902 S 8th St Waco, TX.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Strong 7% Cap Rate: Provides immediate and substantial return on investment.; Highly Sought‑After Location Near Baylor University: Ensures consistent demand and excellent visibility.; Future Condominium Conversion Potential: Offers a high‑value exit strategy.