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    2007 15Th St Waco, TX 76706

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    For Sale
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    Eight-unit, 24-bedroom student complex near Baylor.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents an eight-unit apartment building ideally situated for student housing near Baylor University in Waco, Texas. Built in 2005, the property boasts a total of 24 bedrooms, distributed across eight units. Each unit features three bedrooms and three bathrooms, providing ample space for students. The property is classified as a Class B multifamily building and includes both commercial and residential components. Its prime location offers convenient access to Baylor University, HEB grocery store, downtown Waco, and a variety of dining and entertainment options. Adding to its appeal, the property is fully fenced and provides private parking for residents, enhancing security and convenience. The gated community further ensures a safe and secure environment for tenants. This well-maintained property presents a strong potential for consistent rental income, making it an attractive investment for those seeking exposure to the thriving Waco student housing market. The property's proximity to Baylor University, coupled with its desirable features, positions it for continued success in attracting and retaining students. This is a turnkey opportunity to acquire a profitable and well-located student housing complex in a rapidly growing area. The address is 2007 S 15th St, Waco, TX 76706.

    Property Features for 2007 15Th St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Units
    8

    HighLights

    • Baylor University student housing.
    • Excellent location near Baylor University, HEB grocery, and Waco's downtown area with dining and entertainment options.
    • Gated community.
    • Private parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sarah E. Photography Photographer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.123020906989
    Latitude
    31.533778816314

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit, 24-bedroom student complex near Baylor.
    Where is this multifamily property located?
    The property is located at 2007 15Th St Waco, TX.
    What are key features of this property?
    This property features: Baylor University student housing.; Excellent location near Baylor University, HEB grocery, and Waco's downtown area with dining and entertainment options.; Gated community.
    Request Owner's contact information
    2007 15Th St Waco, TX 76706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2007 15Th St Waco, TX 76706
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