Lacy Lofts & Lacy Terrace
43 Unit Apartment Building | For Sale | Lacy Lakeview, TX 76705
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 9,728 SF
Listing Contacts
Greg Brownd
Verified Profile
Jaxton Hoelting
Verified Profile
- Property Info
Property Overview
The Go-Getters Multifamily Team is pleased to present the Lacy Lofts & Terrace portfolio. Lacy Lofts is a 43-unit, garden-style apartment community located in Waco, TX. Built in 2011, this property consists of one and two-bedroom layouts. Adjacent to Lacy Lofts, Lacy Terrace Apartments is a 17-unit, garden-style apartment community. Built in 2009, this property provides a contemporary living option with spacious one and three-bedroom layouts. This package offers multiple value-add avenues such as implementing a RUBS program to bolster NOI and long-term value appreciation further.
Location Description
Centrally located within 200 miles of all major Texas markets, this property is positioned off Interstate 35 nearby major retailers & employers. Over the past decade, the city has experienced a robust increase in employment, driven by its strategic location, pro-business environment, and growing industries. From healthcare to technology, manufacturing to education, Waco offers a spectrum of career pathways for professionals at every stage. Top nearby employers include Baylor University, Ascension Providence, L3Harris, Technologies, and Texas State Technical College(TSTC).
Highlights
Great basis with strong upside potential
Newer construction
Adjacent properties
Multiple value-add avenues
Location Description
Centrally located within 200 miles of all major Texas markets, this property is positioned off Interstate 35 nearby major retailers & employers. Over the past decade, the city has experienced a robust increase in employment, driven by its strategic location, pro-business environment, and growing industries. From healthcare to technology, manufacturing to education, Waco offers a spectrum of career pathways for professionals at every stage. Top nearby employers include Baylor University, Ascension Providence, L3Harris, Technologies, and Texas State Technical College(TSTC).
Highlights
Great basis with strong upside potential
Newer construction
Adjacent properties
Multiple value-add avenues
Property Details
- Class
- B
- Year Built
- 2009
- Stories
- 1
- Lot Size (sq. ft)
- 16,988 SF
- Units
- 43
Highlights
- Great basis with strong upside potential
- Newer construction
- Adjacent properties
- Multiple value-add avenues
Nearby Properties
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