512 Daughtrey AveWaco, TX 76706
- Residential income properties
- 1,123 SF
Property Details for 512 Daughtrey Ave
- Year built
- 2001
- Lot size
- 0.84 AC
- Property size (Sq ft)
- 1,123 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
Allen Place, a 2-building, 18-unit apartment complex in Waco, TX (76706), presents a compelling value-add opportunity. Located at 512 Daughtrey Ave, this Class B property boasts 20,225 net rentable square feet across three stories, built in 2001 on a 0.84-acre lot (APN 334096). Currently operating at 100% occupancy (as of January 10, 2025), the property features spacious floor plans averaging 1,123 square feet—significantly larger than comparable properties in the area. Units include desirable amenities such as oversized closets, washer/dryer connections, kitchen islands, 10-foot ceilings, and quartz/granite countertops. Its prime location within the "Baylor Bubble," two minutes from Baylor University, ensures consistent demand from students, faculty, and staff. Proximity to downtown Waco, Magnolia Market, and McLane Stadium further enhances its appeal. The property's strong performance and value-add potential, including opportunities to further increase NOI through continued unit upgrades and potential bed-by-bed leasing, make it an attractive investment. The permitted zoning is R. This property offers a unique blend of immediate income generation and future upside potential in a thriving Texas market.
Location Insight
- City
- Waco
- County
- McLennan
- State
- Texas
- Latitude
- 31.541
- Longitude
- -97.1154
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].