Property & Area Overview

CALLING ALL WACO & SURROUNDING AREA INVESTORS!! This 10.28-acre parcel in Moody, Texas was previously two 5.14-acre parcels, which is the standard lot size for the area, making these 10 acres just that much more valuable.  Local realtors have valued the land alone at at least $28,000 per acre. There is plenty of room closer to the road to build should you decided to break up the large parcel.

Property Details/Condition:

• Lot Size: 10.28 acres
• Occupancy: Vacant on closing
• Closing: November 12, 2024 (or sooner)
• Zestimate: $221,000

Who Is This Deal For?

• Waco, Tx & surrounding area investors
• Land Investors
• Developers
• Builders
• Liscenced Contractors
• Investment Groups

Why it’s a deal

The fact that this property is 10 acres in itself is a steal. The standard in this area is about 5 acres leaving this two be twice the size of the standard plots of land around. Some of the comparables that are listed for sale currently are half the size and listed for over $220,000. This leaves so much room for the builder that wants to come in and place a brand new devlopment on this plot of land.

Profit Strategies & Exits Strategies

• Long term buy n hold (STR)
• Placing a brand new barndominium on the land
• Building a brand new brick home
• Buy n Hold for increasing  Waco & surrounding area population
• Luxury BNB

Comps:

(Land)

• 386 Remington Circle
  
  • 5.27 acres
  • Sold date: September 9, 2024
  • Last list price: $165,000
  • Price per acre: $31,309
• TBD Winchester Drive
  
  • 15.89 acres
  • Sold date: July 22, 2024
  • Last list price: $299,900
  • Price per acre: $18,874
• Tract 4 Sping Valley Road
  
  • 11.10 acres
  • Sold date: July 31, 2024
  • Last list price: $205,350
  • Price per acre: $18,500

Call or Text Malakai Today at 832-461-7609