1902 S 8th StWaco, TX 76706

Description

This well-maintained property is ideally situated in a highly sought-after location near Baylor University, offering excellent visibility and accessibility. Recent updates include a roof, fresh exterior paint, durable Hardiplank sheathing, modern vinyl plank flooring, security lighting, and updated entry pads. With these key improvements already completed, this property is well situated for investors. The property offers strong future potential, including the possibility of converting to condominiums and selling units individually down the line. Currently offering a solid 7% cap rate, this is an outstanding opportunity in a growing and vibrant area.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1998

Building area

6,889 Sq Ft

Lot size

0.37 acres

Parking spaces

10

Days on market

172

MLS^® Listing#

2881930

Property Features

Interior

High Speed Internet

Cooling

Ceiling Fan(s) · Central Air

Heating

Central

Flooring

Carpet · Tile · Vinyl

Parking

Common · Concrete

Lot features

Level

Construction

Brick · HardiPlank Type · Board & Batten Siding

Security

Smoke Detector(s) · Fire Alarm · Security Lights

Other structures

None

Utilities

Cable Available · Cable Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$13,535Tax year 2025

Assessed value

$602,000

Parcel number

480016000071027

Directions

Exit IH 35. Head SE on 8th St. Property will be on your left. SE corner of 8th and Wood Ave.