Address: 7301 Sanger Ave, Waco, TX 76712, USA
Created date: November 12, 2024
Date last updated: November 12, 2024
- Well-maintained and attractive 72-unit garden-style community positioned for value-add improvements
- Major employers like SpaceX, Amazon, Mars Candy, and Caterpillar Inc. driving significant job growth and economic expansion in Waco
- Multiple Value-Add opportunities
- Strategically located in the Texas Triangle between Austin and Dallas, poised to capitalize on expanding employment and population
- Comprehensive community amenities include fitness center, clubhouse, tennis court, sauna, and swimming pool
- Attractive pricing offers significant upside potential through targeted renovations
Property Description
Madeira Apartments is a renovated 72-unit multifamily community located in Waco, TX, in McLennan County. Built in 1973 and situated on a total area of 3.36 acres, the garden-style property is comprised of 5 two-story brick apartment buildings with flat roofs. Madeira offers spacious and contemporary one- and two-bedroom floor plans. Amenities may vary by unit and include fully equipped kitchens with pantries, wood-grain vinyl plank flooring, walk-in closets, washer and dryer connections in select units, and private patios / balconies. Common area amenities include controlled gated access, a fitness center, a clubhouse, a swimming pool, and laundry facilities. The grounds are professionally maintained and contain open green spaces with a variety of mature shade trees and blooming vegetation. The property is situated in a low-density residential neighborhood with quick access to conveniences.