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607 Bellevue PL Austin, TX 78705

$995,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

607 Bellevue PL Austin, TX 78705
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TX > Austin > College Court
Austin, TX 78705,607 Bellevue PL
$995,000
Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,071 SqFt
SOLD DATE : 04/04/2025

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,071 sqft

Price per Sqft $463

Subdivision College Court

MLS Listing ID 7797584

Year Built 1956

Tax Year 2021

Lot Size 7,100 Sqft

Property Sub-Type Duplex

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

Area Ut

Interior

Heating Central, Natural Gas

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

Flooring Carpet, Vinyl

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

Building

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

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Lee

Middle Schools Kealing

High Schools Mccallum

School District Austin Isd

Others

Acceptable Financing Cash, Conventional, FHA, FMHA, VA Loan, See Remarks

Listing Terms Cash, Conventional, FHA, FMHA, VA Loan, See Remarks

Special Listing Condition Standard

Pets Allowed Negotiable

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Jill Mast

Jill Mast

jill@jillmastrealtor.com +1(512) 940-2464

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Resavvy LLC • Tony Lazarov
Bought with Compass RE Texas, LLC

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Jill Mast

Jill Mast

+1(512) 940-2464

Agent | License ID: 721985

Agent License ID: 721985

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Pure Realty

Jill Mast License ID: 721985

+1(512) 940-2464 jill@jillmastrealtor.com

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