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Sold over 1 year ago

$399,999

rooms 4+ ba 3052 sqft

2012 Columbus Avenue, Waco, TX 76706

Commercial Commercial Occupied

Current Rent **

$1,550

Projected Rent **

$3,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

STR Duplex in the Heart of Waco

WELCOME to the HEART of WACO'S UPTOWN! This charming 1922 Duplex sits among a sprawl of beautiful historical homes lining the highly sought Columbus Avenue. Zoned 0-3, this property offers you the rare opportunity to get creative and flexible. It has functioned as a cash flowing short term and is currently being used as a long term rental. Both units have great flow and offer buyers a house hacking opportunity. What better way to lower that mortgage than to rent the other side! Take special notice of all the natural light that pours into the cute bedrooms and take a peak out at all of the windows upstairs at all of the mature trees surrounding the property. Take a relaxing walk in the neighborhood after and discover just how close you'll be to some of Waco's finest: Pinewood Coffee Shop, YAKI, Harvest on 25th, Sloane's Bar, Monument Barber shop, boutiques, salons, etc. This home offers a unique urban experience that you won't get with other multifamily properties around the city.

Location:

2012 Columbus Avenue, Waco, TX 76706

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.