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$320,000

2600 Grim Ave, Waco, TX, 76707

$416,000 ARVInfo
Off MarketInfo
Baths0 Bath
Baths6,360 Sq Ft
ApartmentApartment
price_per_sqft$50.31 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bathrooms 0Bathrooms 0
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Tile

Exterior

Lot Size16,501 sqft

Building Information

Year Built1983
Stories2
Roof Type105

Land Information

APN480438000069012
Lot Number15
SubdivisionWest End
Land UseResidential
Legal DescriptionWEST END LOT 15 BLOCK I ACRES .3788
Census Tract000800
Assessed Land Value$45,380
Assessed Improvement Value$274,620
Assessment Year2025

About this property

9 UNIT INVESTMENT PROPERTY - 2600 Grim Ave. is a 9-unit investment property, soon to be fully leased. This is a great opportunity to cash flow a 9-unit property centrally located in Waco that has been updated over the past few years. The roof was replaced approximately 6 years ago. Insulation and exterior siding was replaced approximately 4 years ago. The exterior was painted approximately 4 years ago. As tenants have changed over, interiors have been updated. Over the last 6 years several HVAC units have also been replaced. Reach out today to schedule a showing and to request further details!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$2,900,000Estimated Mortgage Balance
$0Estimated Equity
-806% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$793,002
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$697/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,767
$320,000
2025
$45,380
$274,620
$320,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,767
$320,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
N/A
$2,900,000
N/A
First
Mar 31, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,345,901
N/A
0%
733%
$17,387/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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2600 Grim Ave | Property Details | No Agent List