21 Addi Lane, Waco, TX 76705 For Sale

Discover the multifaceted advantages of the Waco market and acquire assets aligned with growth by investing in this valuable multifamily portfolio.

The portfolio comprises 24 units across a mix of assets, including freestanding duplexes and fourplexes, contiguous townhouses, and a six-unit single-story apartment building. The units are in a cluster of buildings around Addi Lane in the desirable Landon Branch neighborhood. With these well-maintained properties, investors will inherit a fully operational, high-quality, income-producing portfolio.

Currently 96% leased, this portfolio is ready to continue its longstanding success as it has not dipped below a 90% occupancy rate in over four years. This is ideal for investors looking to make an impactful entrance into the market or greatly expand their portfolio with buildings and townhouses on dedicated parcels, so buyers can easily sell off surplus assets individually.

In October, we transitioned from subcontractors for maintenance work to a maintenance employee and cashflow has increased even more.

Waco is a pivotal hub for Central Texas, as its key positioning along Interstate 35 makes it crucial for dozens of industries, from logistics to public administration. The adjacent buildings are positioned to attract a diverse mix of residents. Major employment hubs like Baylor University, Doris Miller VA Medical Center, and dozens of government agencies are within 15 minutes of both locations. Employment in Waco’s education and health services industry went up 4.5% over 2024, underpinning the optimistic long-term outlook this market provides.