6501 May DrWaco, TX 76710

For Sale
$1,450,000

16 Units, Newly Renovated, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 16-unit apartment building in Waco, Texas, presents a compelling investment opportunity. Located at 6501 May Dr, in McLennan County, zip code 76710, this property boasts 18,200 square feet across four, two-story buildings on a 0.97-acre lot. The complex, built in 1969 and extensively renovated in 2024, features modern amenities and finishes throughout all 16 units, ensuring immediate occupancy and a strong rental income stream. A brand-new roof (2024) significantly reduces future maintenance costs. The property is zoned R-3E (Multiple Family Residence) and sits within an Opportunity Zone, providing attractive tax incentives for investors. This well-maintained asset offers both stability and growth potential in a thriving market, with financial details available upon request. The combination of recent renovations, a new roof, and the Opportunity Zone designation makes this a rare opportunity to acquire a high-return investment property in a growing Texas city. The property's location within Midway ISD adds to its appeal.

Highlights

  • Financials available upon request.
  • New roof installed in 2024.
  • Located in an Opportunity Zone.
  • Newly renovated apartment units.

Property Details for 6501 May Dr

Property type
Multifamily properties, Apartment buildings
Square Feet
18,200 SF
Year Built/Renovated
1969/2024
Buildings
4
Stories
2
Lot Size (sq. ft)
42,253 SF
Units
16

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.519855
Longitude
-97.1961038
6501 May Dr, Waco, Texas

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6501 May Dr
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