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Updated 4 months ago on . Most recent reply

Daniel Frank's profile image
Daniel Frank's profile image
Daniel Frank
  • Real Estate Agent
  • from Northern Virginia
  • Member since Oct 14, 2024
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Daniel Frank's profile image
Daniel Frank's profile image
Daniel Frank
  • Real Estate Agent
  • from Northern Virginia
  • Member since Oct 14, 2024
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Daniel Frank
  • Real Estate Agent
  • Northern Virginia
7
Votes |
13
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Real Estate Deal Analysis & Advice

Waco Centre Apartments (LP)

Daniel Frank
  • Real Estate Agent
  • Northern Virginia
Posted

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $9,850,000
Cash invested: $100,000

96 unit apartment complex located next to Baylor University in Waco, TX.

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Gregory Schwartz's profile image
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Gregory Schwartz
  • Rental Property Investor
  • from College Station, TX
  • Member since Nov 11, 2016
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Gregory Schwartz's profile image
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Gregory Schwartz
  • Rental Property Investor
  • from College Station, TX
  • Member since Nov 11, 2016
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Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
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Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
Replied

The Waco market has stronger than anticipated numbers. There has been strong population growth, consistent appreciation, and a robust economy. It is seemingly still relatively affordable to buy an asset close to a major university at $100k per unit. 

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