Don't miss your chance on this adorable cottage located just minutes from downtown Waco, Baylor University, and Magnolia Market! This recently renovated abode offers an exciting opportunity for someone looking for a move-in ready personal residence close to all the action or a turn-key investment opportunity. Zoned R-2 and currently operating as the only permitted short term rental within the city's 500 ft radius rule, this income producing property has the option of being sold fully furnished making a seamless transition for an investment property. The thoughtfully designed floor plan showcases an open-concept layout and a spacious primary bedroom equipped with a sitting area and convenient half bath. The Kitchen sparkles with refreshed cabinets and stainless steel appliances while laminate plank flooring flows throughout the main living area. The private backyard is a low-maintenance oasis equipped with a cozy firepit and beautiful rock landscaping. Notable recent upgrades include a recently installed carport and new driveway for convenient parking, privacy fence (2021), new water heater (2022), fresh exterior paint (2023), and brand-new washer/dryer (2024). Whether you're seeking a cozy personal retreat or a smart investment property, this property delivers both comfort and potential.