607 Bellevue Place
Austin, TX 78705
2071 sqft | 0.16 acres | #7797584
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 pre-leased for the 2025 school year, 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.
Property Details
- Utility FeaturesElectricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- InteriorCeiling Fans, EatInKitchen, Laminate Counters, MainLevelPrimary, Pantry
- Lot DescriptionLevel, Trees Medium Size
- SubdivisionCollege Court
- ViewNeighborhood
- Exterior MaterialsPrivate Yard
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- School DistrictAustin ISD
- High SchoolMcCallum
- Original List Price$995,000
- Middle SchoolKealing
- MLS #7797584
- MLS #7797584
- Utility SourcePublic
- CountyTravis
- Cost995000
- Property SubtypeDuplex
- Property ConditionResale
- Acres0.163
- Square Feet2071
- Year Built1956
- FoundationSlab
- Elementary SchoolLee
- Days on Market (Cumulative)2
- Pets1
Location
Legal
Based on information submitted to the MLS GRID as of 2025-01-31 16:04:08 UTC. 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.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Tony Lazarov (#0459968), Phone: (512) 762-8669
Listing Office: Resavvy LLC (#701116)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
