Bear Crossing
96 Units Built in 2003 in Waco, TX
Marketing description
The Multifamily Group is pleased to present Bear Crossing Apartments, an exclusive student
housing investment opportunity located in Waco, Texas. Constructed in 2003, this a duplex
style property with 24 four-bedroom/four-bathroom units totaling 96 beds. The property is
currently 45% occupied and preleased to 54%. Bear Crossing is being offered free and clear of
existing debt.
Location:
The Waco metro is among the fastest-growing regions in Texas, with the population projected
to exceed 323,000 by 2040. Bear Crossing is strategically located near major retail and employment
drivers and offers convenient access to key educational institutions, including Baylor
University, Texas State Technical College, and McLennan Community College. Residents also
benefit from proximity to Downtown Waco, which features a vibrant mix of museums, galleries,
restaurants, entertainment venues, and ongoing redevelopment initiatives that continue to
enhance the area’s appeal and economic growth.
Investment highlights
• Less than a Mile from Baylor University (20,000+ Students)
• Duplex Style Property is 24 Four Bedroom-Four Bathroom Units
• $1.2MM+ in Value-Add Opportunities - Through Interior Renovations and Reducing Expenses
• Located off University Parks Drive, a Primary thoroughfare to Baylor (Nearly 10,000 VPD)
• Easy Access to Business-77
• Downtown Waco is Undergoing a Major Multi-Billion-Dollar Redevelopment with the Launch of the 100-Acre Barron’s Branch District
• The Metro Population is Projected to Grow to over 323,000 by 2040, Nearly Doubling Long-Term Demand
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