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$180,000

NAL Estimated Property Value

925 N 32nd St, Waco, TX, 76707

Off MarketInfo
CommercialInfo
Beds78 Beds
Baths28 Bath
Baths1,126 Sq Ft
price_per_sqft$4,174.07 / sqft
Year BuiltBuilt in 1973

Highlights

Interior

Bedrooms 78Bedrooms 78
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesOther
FlooringHardwood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1943
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480236000363001
Lot Number8
SubdivisionHuaco Hts
Land UseResidential
Legal DescriptionHUACO HTS LOT 8 BLOCK 30 ACRES .1722
Census Tract000800
Assessed Land Value$20,700
Assessed Improvement Value$113,600
Assessment Year2025

About this property

Presenting a rare opportunity to acquire a high-performing portfolio of 25 single-family rental homes located in some of the most desirable and rapidly growing communities in Central Texas. This stabilized portfolio boasts limited to no vacancies, strong in-place cash flows, and a solid cap rate, offering immediate income with long-term appreciation potential. Most of the homes have received recent upgrades and renovations, minimizing capital expenditure for the next owner. The properties are strategically positioned in high-demand neighborhoods with strong school districts, robust employment centers, and convenient access to major highways and urban hubs. With Central Texas on track to double its population by 2040, this portfolio is ideally situated to benefit from sustained rental demand, economic growth, and increasing property values. This offering is ideal for investors seeking a scalable, income-generating asset in a dynamic and appreciating market. Investment Highlights: 25 stabilized single-family homes, High occupancy with reliable rental income, Strong cap rate with upside potential, Recent upgrades and well-maintained properties, Located in top-tier Central Texas submarkets with high projected growth, Minimal deferred maintenance, and Low operational overhead.

Investor Tools

Property Icon
$180,000
Estimated Property Value
$429,579Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$28,200 /month
Positive
Cash Flow Estimate:
$9,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$340/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,182
$134,300
2025
$20,700
$113,600
$134,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,182
$134,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Mcgregor
Commercial
$450,000
No
First
Nov 21, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$429,579
N/A
0%
239%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,698/mo
$-1,391/mo
8.7%

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.

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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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925 N 32nd St | Property Details | No Agent List