2627 Sanger Ave Waco, TX 76707
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2627 Sanger Ave
- Year built
- 1906
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained, five-unit apartment building situated at 2627 Sanger Ave, Waco, Texas, 76707. Built in 1906, this two-story building offers a blend of classic charm and modern updates. The property benefits from a prime location just minutes from downtown Waco, providing convenient access to a vibrant urban core. Recent capital expenditures totaling nearly $243,000 have significantly enhanced the property, encompassing both interior unit renovations and exterior improvements. A detailed list of these upgrades is available. The strong local economy and increasing demand for multifamily housing in Waco make this a compelling investment prospect, promising stable returns and potential for long-term value appreciation. The property's proximity to essential amenities and the Waco Independent School District ensures a consistent tenant pool. This is an ideal acquisition for both seasoned and first-time multifamily investors seeking a well-positioned asset in a thriving Texas market. The building consists of one structure with five units. This presents a rare opportunity to acquire a well-maintained, updated multifamily property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1574574
- Latitude
- 31.5436854
