6501 May DrWaco, TX 76710

Property Details for 6501 May Dr

Year built

1969

Lot size

0.97 AC

Property size (Sq ft)

18,200 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Waco

County

McLennan

State

Texas

Latitude

31.5199

Longitude

-97.1961

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