$428,700
●
House -
Off Market
2401 Austin Avenue
Waco, TX 76701
5 Beds
2 Baths,
1
Half Bath
3,588 Ft²
$502,839
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
This 1920's home offers all the stunning features you would expect
from ornate molding, built-ins, solid wood doors to original
hardwood floors. Zoned O-2 this could be a money making Bed and
Breakfast! The large formal living has a decorative fireplace. The
master bathroom has been updated with a separate tiled shower and
jetted tub. Upstairs offers 4 large bedrooms, full bath and even
another kitchen! Renovated garage apartment 400 sq ft with shiplap
walls, bathroom, kitchenette, living and bedroom was most recently
was rented for $700 per mth. ZONED 0-2, permitted for Short
Term Rental close to MAGNOLIA, Baylor, Downtown Waco and Historic
Castle Heights. Call or Text for Proforma
Unit Size
3,588 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (NTREIS #14648369)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2023 | Sold | ||
| Sold | |||
| Aug 12, 2021 | Listed by Turner Behringer Real Estate | $475,000 | |
| Listed by Turner Behringer Real Estate | |||
| | |||
|
This 1920’s home offers all the stunning features you would expect from ornate molding, built-ins, solid wood doors to original hardwood floors. Zoned O-2 this could be a money making Bed and Breakfast! The large formal living has a decorative fireplace. The master bathroom has been updated with a separate tiled shower and jetted tub. Upstairs offers 4 large bedrooms, full bath and even another kitchen! Renovated garage apartment 400 sq ft with shiplap walls, bathroom, kitchenette, living and bedroom was most recently was rented for $700 per mth. ZONED 0-2, permitted for Short Term Rental close to MAGNOLIA, Baylor, Downtown Waco and Historic Castle Heights. Call or Text for Proforma
| |||
| May 12, 2020 | No longer available | - | |
| No longer available | |||
| Mar 25, 2020 | Listed | $329,999 | |
| Listed | |||
| | |||
|
Charming, historic home in the heart of the Castle Heights area of Waco! This lovely 2-story has been updated beautifully throughout and is located near Pinewood Coffee, Harvest on 25th, Sloane's and all that downtown has to offer! Formal living, with gorgeous fireplace and double French doors, formal dining, and spacious downstairs master suite. Upstairs is incredibly unique offering a small kitchen, office and 3 additional bedrooms! Outdoor space showcases mature trees, pretty front porch, and backyard with brick patio. Garage apartment that has wonderful rental income potential. This 1920s home offers quality from top to bottom - don't miss your chance to own this rare property! The manager has listed the unit size as 3588 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Austin Avenue
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Listed by: Heather Vanderwoude, Turner Behringer Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14648369
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14648369
Details provided by NTREIS and may not match the public record
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