512 Daughtrey Ave Waco, TX 76706
- Commercial real estate
Current Use by Public Records
- Jeremy B. Teblum, ATC / Doctor
Property Details for 512 Daughtrey Ave
- Year built
- 2001
- Property type
- Commercial real estate
Description
This exceptional 18-unit apartment building, constructed in 2001, presents a compelling investment opportunity. Situated in Waco, Texas, within the highly desirable "Baylor Bubble" area, this three-story property boasts 100% occupancy. Each of the 18 units offers substantial living space, averaging a generous 1,123 square feet. The superior construction quality and premium interior finishes are notable features, setting this property apart in the market. Its prime location, just two minutes from Baylor University and a ten-minute drive from downtown Waco, ensures a strong and diverse tenant base, appealing to students, professionals, and families alike. The property's current success and its potential for future condo conversion add to its significant investment appeal. The large unit sizes and high-quality construction contribute to strong rental income and potential for appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Texas market. The property's location within the Baylor University corridor provides exceptional stability and future growth potential.
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
- -97.1154029
- Latitude
- 31.5410439
