$995,000
 $5,341 est/mo Sourced by Back At You

607 Bellevue Pl , Austin, TX 78705

Austin, TX 78705

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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.

Details

MLS#7797584
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1956
Days On Site13
Listing Provided ByResavvy LLC | Tony Lazarov

Features

SQ Feet2,071
Car PortYes
Story(s)1
Acreage0.16
Property ViewNeighborhood

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of February 12, 2025 at 8:28:28 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 10 minutes ago
StateTX
CountyTravis
CityAustin
Zip Code78705
AreaUT
Community NameCollege Court
School DistrictMcCallum
Elementary SchoolLee
Middle SchoolKealing
High SchoolMcCallum
Listing VS Median (in College Court)
Price:
$995,000
low | high
Med:
$498,750
99.874371859296% of Average
SqFt:
2,071
low | high
Med:
1,651
70.304200869145% of Average
$ / SqFt:
$480
low | high
Med:
$241
99.788474894799% of Average
On Site:
13
low | high
Med:
132.000000
9.848484848485% of Average
Sourced by Back At You
Listing Updated: February 4, 2025 at 5:03:43 PM PST