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American Ventures expanding 63-unit Waco apartment complex

​​Street view of Franklin Place at 600 Franklin Ave. WACO – Austin-based American Ventures has acquired Franklin Place, a four-story apartment complex at 600 Franklin Ave.

The property currently offers 63 one- and two-bedroom units. Rents range from $1,290 to $1,395.

The new owner will add 104 units and a parking garage. Development will take 18 to 24 months.

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