1400 Park Avenue

Prime Multifamily Investment Opportunity Near Baylor University

Presenting a turnkey 10-unit townhome complex strategically positioned in one of Waco's most

sought-after submarkets. The Dayton Townhomes offer investors an exceptional opportunity to

acquire a stabilized multifamily asset with strong fundamentals and significant upside potential.

This property's proximity to Baylor University and direct access to IH-35 (133,500+ vehicles per

day) creates consistent demand from students, young professionals, and families seeking

quality housing in Central Waco.

Ten spacious 2-bedroom, 2-bathroom units at 850 SF each provide an attractive living

experience that commands strong rental rates in the market. The townhome-style configuration

offers residents a residential feel with low-maintenance benefits.

The property features 8,500 SF of total improvements situated on a 7,650 SF lot with R-3C

(Multiple Family Residence) zoning. Built in 1983, the property presents opportunities for value

enhancement through strategic renovations and operational improvements that can drive rental

growth and increase NOI.

The property benefits from excellent connectivity to IH-35 and sits in a retail corridor featuring

established national tenants including Fuego, Jake's, Schlotzsky's Deli, and other neighborhood

amenities along Speight Avenue (4,500+ VPD).

Financials available upon request.