For Sale Contact for pricing
Property Type Other
Property Size 39,600 SF
Units 49
Year Built 1971
Date Updated Apr 26, 2024
Website thecreole.sharplaunch.com

Creole Apartments is a 49-unit apartment community located in the city of Waco in McLennan County, TX. Built in 1968 and situated on 2.15 acres, the property is improved with two, two-story buildings with a combination of brick and vinyl panel siding and pitched composition shingle roofs. Creole Apartments features spacious one- and two-bedroom units with a variety of floor plan options. Ample open surface parking is provided. The grounds are professionally maintained and feature open, green spaces accented by mature shade trees. Residents enjoy the property’s prime location near major thoroughfares with quick access to Baylor University, Downtown Waco, shopping, and dining.

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Attachments

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Highlights

Prime location in a residential area with easy access to amenities and entertainment
Creole is in the Midway Independent School District. Midway High School was ranked #1 High School in Waco and in the top 11% in Texas according to US News.
Recent Upgrades - The property has a new roof, resurfaced parking lot, and a new security fence. This has improved the functionality and aesthetics of the property.
Strong Cashflow - The Waco market allowed rents to continue to increase at this property positioning as a good candidate for yield investment.
Townhome units allow for the addition of washer dryer connections while the property has additional opportunities to increase income by implementing bill back programs.