Waco, TX 76706,3516 S 4th Street

$69,900

Est.Price: ?

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Est. payment /mo

0.35 Acres Lot


SOLD DATE : 10/21/2024

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 225519

Annual Tax Amount $1,333

Lot Size 0.350 Acres

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

Exterior

Fence None

Utilities Available Sewer Available, City Sewer, City Water, Electricity Connected

Schools

Elementary Schools South Waco

School District Waco Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Roman Novian • Coldwell Banker Apex, REALTORS
Bought with Non-Mls Member • NON MLS

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