Austin, TX 78705,607 Bellevue PL
Austin, TX 78705,607 Bellevue PL
Austin, TX 78705,607 Bellevue PL
Austin, TX 78705,607 Bellevue PL
Austin, TX 78705,607 Bellevue PL
Austin, TX 78705,607 Bellevue PL
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$ 995,000
Est. payment | /mo

2,071 SqFt


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$ 995,000
Est. payment | /mo
Save

2,071 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,071 sqft

Price per Sqft $480

Subdivision College Court

MLS Listing ID 7797584

HOA Y/N No

Originating Board actris

Year Built 1956

Tax Year 2021

Lot Size 7,100 Sqft

Acres 0.163

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

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Pantry, Primary Bedroom on Main

Heating Central, Natural Gas

Cooling Attic Fan, Ceiling Fan(s), Central Air

Flooring Carpet, Vinyl

Fireplace No

Appliance Microwave, Free-Standing Gas Range, Free-Standing Refrigerator, Water Heater

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

Porch None

Building

Lot Description Level, Trees-Medium (20 Ft - 40 Ft)

Faces West

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

New Construction No

Schools

Elementary Schools Lee

Middle Schools Kealing

High Schools Mccallum

School District Austin Isd

Others

Pets Allowed Negotiable

Special Listing Condition Standard

Pets Allowed Negotiable

Listed by Resavvy LLC
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607 Bellevue PL