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3516 S 4th Street Waco, TX 76706
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Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 225519
Sold Date 10/21/24
Annual Tax Amount $1,333
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Improved Land
Property Description
Prime opportunity for investors and savvy Baylor parents! Vacant lot in the Baylor bubble, surrounded by student housing. Included with the sale are professional renderings and floor plans for a 4-bedroom, 4.5-bathroom home, designed for student living and generating passive income. City of Waco zoning allows for an( ADU) accessory dwelling unit to be added to the property, providing an additional revenue stream. Current market rents for similar four-bedroom homes in the area up to $800 per bedroom, with the ADU expected to bring in an additional $1,000 to $1,300 per month. Maximize your rental income or offset your students living expenses while building equity, with this ideal location, just minutes from Baylor University!
Location
State TX
County Mclennan
Zoning R-1B
Direction Google
Interior
Interior Features Cable TV Available, High Speed Internet Available
Exterior
Fence None
Utilities Available Sewer Available, City Sewer, City Water, Electricity Connected
Garage No
Schools
Elementary Schools South Waco
School District Waco Isd
Others
Ownership ELDER CHRISTOPHER ALLEN & WENDY DIANE
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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