Madeira

Waco, TX

Info For Buyers

Overview

Summary

  • Price Market
  • Address 7301 Sanger Ave, Waco, TX 76712
  • # Units 72
  • Rentable SF 55,656 SF
  • Avg SF/Unit 773 SF
  • Year Built 1973

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.  

Key Facts

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

Location

Team

Angel Flores

Angel Flores

Managing Director
GREA
972.232.2325
Sean Scott

Sean Scott

Managing Director
GREA
972.996.6233
Zack Del Medico

Zack Del Medico

Associate Director
GREA
214.909.4936