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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,071 sqft
Price per Sqft $463
Subdivision College Court
MLS Listing ID 7797584
Year Built 1956
Tax Year 2021
Lot Size 7,100 Sqft
Property Sub-Type Duplex
Property Description
Now is a great time to elevate your investment portfolio with 607 Bellevue Place, a duplex strategically located in Austin's Hancock neighborhood, directly next to the University of Texas. Perfectly positioned for investors with both Unit A and Unit B generating $2,800 per month each, yielding a total of $5,600 monthly rental income. After accounting for a 30% expense ratio, the net operating income (NOI) is approximately $3,920 per month or $47,040 annually.
The value of 607 Bellevue as an investment is unparalleled due to its proximity to UT, ensuring perpetual demand. This property is already leased through July of 2026, with the current rental prices reflecting this commitment. With projections of rental increases between 5-10% dependent on school enrollment trends, the investment potential here is not just in current income but in future value appreciation.
This is your sign to learn about why student housing investing is one of the most predictable returns you will find in the industry.
Location
State TX
County Travis
Area Ut
Interior
Heating Central, Natural Gas
Cooling Attic Fan, Ceiling Fan(s), Central Air
Flooring Carpet, Vinyl
Exterior
Exterior Feature Private Yard
Fence Back Yard
Pool None
Community Features None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description None
View Neighborhood
Roof Type Composition
Building
Lot Description Level, Trees-Medium (20 Ft - 40 Ft)
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Lee
Middle Schools Kealing
High Schools Mccallum
School District Austin Isd
Others
Acceptable Financing Cash, Conventional, FHA, FMHA, VA Loan, See Remarks
Listing Terms Cash, Conventional, FHA, FMHA, VA Loan, See Remarks
Special Listing Condition Standard
Pets Allowed Negotiable
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Bought with Compass RE Texas, LLC
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