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.
MLS# | 7797584 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1956 |
Days On Site | 13 |
Listing Provided By | Resavvy LLC | Tony Lazarov |
SQ Feet | 2,071 |
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Car Port | Yes |
Story(s) | 1 |
Acreage | 0.16 |
Property View | Neighborhood |
State | TX |
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County | Travis |
City | Austin |
Zip Code | 78705 |
Area | UT |
Community Name | College Court |
School District | McCallum |
Elementary School | Lee |
Middle School | Kealing |
High School | McCallum |
Listing VS Median (in College Court) | |
Price: $995,000 low | high Med: $498,750 SqFt: 2,071 low | high Med: 1,651 $ / SqFt: $480 low | high Med: $241 On Site: 13 low | high Med: 132.000000 |