607 Bellevue Place

Austin, TX 78705
$995,000
2071 sqft | 0.16 acres | #7797584
For Sale

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.

  • Property Details
      • Interior:Ceiling Fans, EatInKitchen, Laminate Counters, MainLevelPrimary, Pantry
      • View:Neighborhood
      • Lot description:Level, Trees Medium Size
      • Exterior materials:Private Yard
      • Acres:0.163
      • Square Feet:2071
      • Property type:Multi-Family
      • Year built:1956
      • Foundation:Slab
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
      • Subdivision:College Court
      • School district:Austin ISD
      • Elementary School:Lee
      • Middle School:Kealing
      • High School:McCallum
      • County:Travis
      • Original List Price:$995, 000
      • Days on Market (Cumulative):6
      • Pets:1
      • MLS #:7797584
      • Cost:995000
      • Property subtype:Duplex
      • MLS #:7797584
      • Property condition:Resale

Location

Legal

Based on information submitted to the MLS GRID as of 2025-02-04 21:31:03 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
Listing Office: Resavvy LLC

Jeremy FayReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

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.

Estimated Monthly Payment
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Loan Amount
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Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Jeremy Fay may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

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.