Waller Group Properties is proud to present this 16 unit Multifamily property in Waco, TX. Built in 1979, this Class C property is currently operating at an NOI of $61,692 at an 8.51% cap rate on actuals. The property features 14 Studio units (495 SF) and 2 Duplex units (885 SF). This is a turnkey investment, presenting new ownership with the opportunity to capitalize on below market rents on newly renovated units. This investment offers an unlevered IRR of 12.30%.. *********OFFERING MEMORANDUM in attachments *****************
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
