5501 Orchard Lane, Waco, TX 76705

$147,000 Asking Price

3 beds
1 bath
1,008  sqft
Built in 1958

PRICED TO SELL! Welcome to 5501 Orchard Ln, Waco, TX 76705! This property is a diamond in the rough, offering an exceptional investment opportunity for those with a vision. Set on a massive 1.84-acre lot, this property is ideal for developers and investors looking to capitalize on the growing development in the area. Although the existing home needs some TLC, the true value lies in the land. With the rapid development and increasing demand for housing in Waco, this lot presents a unique chance to build multiple properties, creating a lucrative investment portfolio. This is your chance to transform this large lot into a highly profitable development project!


Features & Amenities

Interior

General:
Other
Fireplace:
Fireplaces: 0

Exterior

Style:
Detached
Parking:
Other

Construction

General:
Brick, 1

Location

Originating MLS:
NTR
School District:
La Vega ISD
County:
McLennan

Lot

Zoning:
TOMAS DE LA VEGA TRACT 8 ACRES 1.84, 280570000674008

Utilities

Utilities:
Other

Financial

Source:
NTR

This listing courtesy of:
Joseph Walter Realty, LLC, Edward Mcclintick

About Waco, TX

Housing

Number of Units
68,372
Median Home Value
$128,257
Median Rent
$711

49.79% of housing units are renter occupied.

9.59% are vacant.

Commute

Car
80.41%
Public Transportation
0.90%
Walk to Work
2.75%
Work from Home
14.85%
Other
0.81%

The median travel time to work is 17 minutes.

People

Population
162,171
Median Age
33.10
Median Household Size
2.71

Education

High School
28.95%
Associate’s Degree
9.78%
Bachelor’s Degree
12.59%
Graduate Degree
7.16%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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