404 E CRAVEN AVE Waco TX 76705-1976

Fully stabilized 38 unit multifamily portfolio consisting of 404 E Craven Avenue (20 units) and 600 E Craven Avenue (18 units) in the rapidly growing Waco, Texas market.​ Together, these two neighboring assets offer investors 100% occupancy, immediate cash flow, diversified unit mixes, and long term appreciation potential in one of Central Texas' strongest rental markets.​

The portfolio features a total of 38 apartment units (20 two-bedroom units at 404 E Craven and a mix of 18 one bedroom and 3 two bedroom units at 600 E Craven) providing a balanced tenant base while reducing leasing risk.​ Both properties have undergone significant updates, are well maintained with minimal deferred maintenance, and offer ample on site parking, making them truly turnkey investments.​

Strategically located near schools, shopping, restaurants, and major transportation corridors, the portfolio benefits from Waco's continued population growth, expanding employment base, and increasing demand for affordable rental housing.​ Investors can capitalize on stable in place income today while positioning themselves for future rent growth and appreciation as the market continues to strengthen.​

• ​All Units have been completely remodeled
• ​Mix of (15 - 1/1) and (3 - 2/1), ideal for single tenants or couples seeking comfort and functionality.
• ​Centrally located near schools, retail centers, restaurants, and key transit routes for everyday convenience.
• ​Strong occupancy history with stable rental income, appealing to seasoned and first-time investors alike.
• ​Ample parking available for tenants and guests, adding to the overall desirability of the property.
• ​20 Generously Sized Units – Each featuring 2 bedrooms and 1 bathroom, ideal for families or roommates seeking comfortable living space.
• ​Resurfaced parking lot
• ​On site laundry
• ​Consistently high occupancy rates ensure stable and reliable cash flow.
• ​Property is well maintained with minimal deferred maintenance, ready for immediate tenant move-in.

Turnkey 20-Unit Income-Producing Asset in the Heart of Waco, TX

Located at 404 East Craven Avenue, this well-maintained 20-unit multifamily property offers a strong opportunity for investors seeking stable cash flow in one of Central Texas’s most resilient rental markets. Featuring all spacious 2-bedroom, 1-bathroom units, the property maintains approximately 95% occupancy, demonstrating consistent tenant demand and reliable income.

Built in 1965 with minimal deferred maintenance, this value-stable asset sits in a strategic central Waco location, providing residents with convenient access to nearby schools, shopping centers, restaurants, and major highways. Its proximity to downtown Waco, Baylor University, and growing employment hubs makes it an attractive option for both families and working professionals. With in-place income and upside potential, 404 E Craven Ave represents a turnkey, income-generating opportunity in a rapidly growing market.

• 20 fully updated units designed for comfort and convenience

• High occupancy rate ensuring reliable monthly income

• Strategically located near schools, shopping, dining, and major transit routes

• Minimal deferred maintenance for hassle-free ownership

• Ample on-site parking for tenants and guests