7301 Sanger Ave Waco, TX 76712
- Commercial real estate
- 55,656 SF
- 3.36 lot acres
Current Use by Public Records
- Madeira Apartments / Apartment Rental Agency
Property Details for 7301 Sanger Ave
- Year built
- 1973
- Lot size
- 3.36 lot acres
- Property size
- 55,656 SF
- Property type
- Commercial real estate
Description
This exceptional 72-unit apartment community presents a compelling value-add investment opportunity in the thriving Waco, Texas market. Located at 7301 Sanger Ave, Waco, TX 76712, this Class C, garden-style property boasts 55,656 square feet situated on a generous 3.36-acre lot. Built in 1973, the property comprises two-story brick buildings with flat roofs, offering a mix of spacious one- and two-bedroom floor plans. Residents enjoy a range of amenities including a fitness center, clubhouse, tennis court, sauna, swimming pool, and controlled gated access. Many units feature fully equipped kitchens with pantries, wood-grain vinyl plank flooring, walk-in closets, and washer/dryer connections. Private patios or balconies enhance the living experience. The property benefits from its location in a low-density residential neighborhood with convenient access to local amenities. Significant job growth fueled by major employers like SpaceX, Amazon, Mars Candy, and Caterpillar Inc., positions this asset for strong future performance. The strategic location within the Texas Triangle, between Austin and Dallas, further enhances its appeal. This well-maintained community offers multiple value-add opportunities for an investor seeking to capitalize on the robust Waco market and its expanding population. The property's attractive pricing provides significant upside potential through targeted renovations and operational improvements.
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
- -97.2064749
- Latitude
- 31.5171162
