Lacy Lofts & Lacy Terrace
$5,000,000
105 North Lacy Drive, Waco, TX 76705
37,670 sqft
Building Size
43
Units
Details:
Description:
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.
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).
Great basis with strong upside potential
Newer construction
Adjacent properties
Multiple value-add avenues
Documents:
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Location
Gallery
