6501 May Dr Waco, TX 76710
- Commercial real estate
- 18,200 SF
- 0.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6501 May Dr
- Year built
- 1969
- Lot size
- 0.97 lot acres
- Property size
- 18,200 SF
- Property type
- Commercial real estate
Description
This exceptional 16-unit apartment building in Waco, Texas, presents a compelling investment opportunity. Located at 6501 May Dr, in McLennan County, zip code 76710, this property boasts 18,200 square feet across four, two-story buildings on a 0.97-acre lot. The complex, built in 1969 and extensively renovated in 2024, features modern amenities and finishes throughout all 16 units, ensuring immediate occupancy and a strong rental income stream. A brand-new roof (2024) significantly reduces future maintenance costs. The property is zoned R-3E (Multiple Family Residence) and sits within an Opportunity Zone, providing attractive tax incentives for investors. This well-maintained asset offers both stability and growth potential in a thriving market, with financial details available upon request. The combination of recent renovations, a new roof, and the Opportunity Zone designation makes this a rare opportunity to acquire a high-return investment property in a growing Texas city. The property's location within Midway ISD adds to its appeal.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1961038
- Latitude
- 31.519855
