1926 Colcord Ave Waco, TX 76707

This exceptional 12-unit apartment building, located at 1926 Colcord Avenue in Waco, Texas, presents a compelling investment opportunity. The property boasts a total of 7,144 square feet on a 0.38-acre lot, featuring a mix of one-bedroom, one-bathroom units, each approximately 563 square feet. Built in 1981 and renovated in 2024, the two-story building is currently 100% occupied, generating a strong net operating income (NOI) of $62,969, with a pro-forma NOI of $71,623. The asking price is $1,050,000, representing a price per unit of $87,500 and a cap rate of 6.00% (pro-forma 6.82%). The property is zoned R-3E and benefits from ample off-street parking. Its prime location in Waco offers easy access to I-35, Baylor University, the Waco Convention Center, and the Waco Riverwalk, ensuring high rental demand and convenient access to amenities. This stabilized investment property provides a solid foundation for long-term growth and consistent cash flow in a thriving Texas market. Financial details are available upon request. The property's welcoming community atmosphere and proximity to schools, shopping, and dining further enhance its appeal to tenants. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.