Madeira

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Address: 7301 Sanger Ave, Waco, TX 76712, USA

Texas + Apartment Buildings

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.

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Broker Details

Sean Scott

GREA 972.996.6233 MLS ID: 0656192 State License Number: 0656192

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	72
Lot Size:	55,656.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here