The Centre Apartment is a class B 96-unit property with a prime location in Waco across the street from Baylor University. This property has full amenities with an unmatched floor plan size and design features. The building is designed and constructed with unmatched features and details typically found in a higher end condominium community. This includes brick towers and façade with integrated security systems that include standalone unit alarms with panic buttons in every bedroom.
The location combined with the unit square footage and design style make this a unique property that has no match in the area. This property has unlimited potential to be the local asset. This project is primarily is a management play with light value add. Plank floors with newer back appliances have been completed in all units.
Several options may be utilized in this investment including short term reposition, long term hold and condominium conversion and sale.