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2406-2418 S University Parks Dr
Waco, TX 76706
Bear Crossing Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Less than a Mile from Baylor University (20,000+ Students)
- $1.2MM+ in Value-Add Opportunities - Through Interior Renovations and Reducing Expenses
- Downtown Waco is Undergoing a Major Multi-Billion-Dollar Redevelopment with the Launch of the 100-Acre Barron’s Branch District
- Duplex Style Property is 24 Four Bedroom-Four Bathroom Units
- Located off University Parks Drive, a Primary thoroughfare to Baylor (Nearly 10,000 VPD)
- The Metro Population is Projected to Grow to over 323,000 by 2040, Nearly Doubling Long-Term Demand
Executive Summary
The Multifamily Group is pleased to present Bear Crossing Apartments, an exclusive student
housing investment opportunity located in Waco, Texas. Constructed in 2003, this a duplex
style property with 24 four-bedroom/four-bathroom units totaling 96 beds. The property is
currently 45% occupied and preleased to 54%. Bear Crossing is being offered free and clear of
existing debt.
Location:
The Waco metro is among the fastest-growing regions in Texas, with the population projected
to exceed 323,000 by 2040. Bear Crossing is strategically located near major retail and employment
drivers and offers convenient access to key educational institutions, including Baylor
University, Texas State Technical College, and McLennan Community College. Residents also
benefit from proximity to Downtown Waco, which features a vibrant mix of museums, galleries,
restaurants, entertainment venues, and ongoing redevelopment initiatives that continue to
enhance the area’s appeal and economic growth.
housing investment opportunity located in Waco, Texas. Constructed in 2003, this a duplex
style property with 24 four-bedroom/four-bathroom units totaling 96 beds. The property is
currently 45% occupied and preleased to 54%. Bear Crossing is being offered free and clear of
existing debt.
Location:
The Waco metro is among the fastest-growing regions in Texas, with the population projected
to exceed 323,000 by 2040. Bear Crossing is strategically located near major retail and employment
drivers and offers convenient access to key educational institutions, including Baylor
University, Texas State Technical College, and McLennan Community College. Residents also
benefit from proximity to Downtown Waco, which features a vibrant mix of museums, galleries,
restaurants, entertainment venues, and ongoing redevelopment initiatives that continue to
enhance the area’s appeal and economic growth.
Property Facts
| Sale Type | Investment | Lot Size | 2.52 AC |
| No. Units | 24 | Building Size | 42,048 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2003 |
| Apartment Style | Garden | Parking Ratio | 2.66/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.52 AC |
| Building Size | 42,048 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 2.66/1,000 SF |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,498,603 CAD | |
| Land Assessment | $675,046 CAD | Total Assessment | $2,173,648 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$675,046 CAD
Improvements Assessment
$1,498,603 CAD
Total Assessment
$2,173,648 CAD
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