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215 Washington Ave
Waco, TX 76701 Downtown Waco

Price Upon Request

Apartments For Sale  •  120,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 121,002 SF
  • Lot Size 3.34 AC
  • Building Class A
  • Year Built 2008
50 Walk Score

Highlights

$2.8MM+ in Value Enhancement through Improving Occupancy, Reducing Payroll, and Leasing Out the Retail Space
$2.1MM Invested into the Property by the Current Owner
Attractive Price/Bed Basis; Fully Furnished Units
Projected 16% Cash-on-Cash Averaged Over 5 Years
$1.4B Downtown Redevelopment Planned Across 100+ Acres along the Brazos River, Featuring a Convention Center, Performing Arts Venue, Hotel, and more
Baylor University Enrolled ~20,000 Students in Fall 2025, Driving Strong Rental Demand

Property Flyers

Amenities

  • Air Conditioning
  • Balcony
  • Controlled Access
  • Fitness Center
  • Laundry Facilities
  • Washer/Dryer
  • Gated
  • Furnished Units Available
  • Wi-Fi
  • Granite Countertops
  • High Speed Internet Access
  • Elevator

Public Transportation

AirportDriveWalkDistance
Waco Regional 19 min - 8.6 mi
Chase Davis 806-543-5980 The Multifamily Group
Chase Davis 806-543-5980 The Multifamily Group