Waco, TX 76707 1607 West Avenue

Pending
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Presented By: Chelsea Hutchens with Fathom Realty;
  • MLS# 229345
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 3

Home Details

Slam dunk investment property is yours for the taking! This Sanger Heights TRIPLEX on just under 1/2 an acre, is fully rented with top-notch renters, moderately updated with low Cap X costs, and extremely low vacancy. Main building is an up/down split, each unit with 3 beds, 1 bath. Garage Apartment out back is on the second floor above a storage building currently used by landlords. Front units have tastefully remodeled kitchens & bath featuring subway tile, stone countertop and fresh, modern hardware. Each unit has large bedrooms, original windows with bright natural light, original wood floors throughout most of the space, Central HVAC, and each unit has its own stackable laundry unit in the bathroom (one unit is about 2 years old, the other is 1 year old). The back unit has a more moderate remodel to the kitchen and bath, but still features subway tile and stone countertops, original wood floors through most of the unit, replaced carpet in one bedroom with vinyl plank, this unit does not have central air, but 2 modern window units that will stay with the property. Large graveled lot for plenty of parking and fully fenced with 3 sides redone in February. Walking distance to the new Central Waco Family Medicine, Jubilee Market, World Cup Cafe, Thrst Coffee and more! 5-10 minutes to downtown or Baylor.
Presented By: Chelsea Hutchens with Fathom Realty;

Interior Features for 1607 West Avenue

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths3

Other Interior Features

Fireplace FeaturesNone
Unit Count3
Appliances YNYes
Lock Box TypeSupra
FlooringTile, Wood
Occupancy Rate100
Total Units3

Other Rooms

Room Count

General for 1607 West Avenue

# of Buildings2
AppliancesDryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Capitalization Rate9.03
CityWaco
Construction MaterialsBrick, Siding, Wood
CoolingCentral Air, Electric, Window Unit(s)
CountyMcLennan
DirectionsFrom Colcord, travel East, take a right on N 15th, right on West Ave, property will be on the right.
Elementary SchoolWest Avenue
Elementary School NameWest Avenue
Full Baths3
Gross Annual Expenses8740.00
HeatingCentral, Electric
High SchoolWaco
Lease Term12 Months
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional
Occupant TypeTenant
Operating Expense IncludesGardener, Insurance, Maintenance, Pest Control, Vacancy Allowance
PossessionClosing/Funding
Property SubtypeTriplex
Property TypeResidential Income
RoofComposition
School DistrictWaco ISD
Special NotesOwner/ Agent
Standard StatusPending
StatusPending
Subdivision NameDickey
Tenancy6 Months or Less, No Smoking, Over 9 Months, Pet Restrictions, Pets Allowed
Tenant PaysElectricity, Trash Collection, Sewer, Water
Transaction TypeFor Sale
Unexempt Taxes5639
UtilitiesElectricity Connected, Sewer Available
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1932
Zoning DescriptionR-1B

Exterior for 1607 West Avenue

Building Area Total3060.00
FencingFenced, Full, Perimeter, Privacy, Wood
Foundation Pillar/Post/Pier
Lot SizeLess Than .5 Acre (not Zero)
Other StructuresShed(s)
Parking FeaturesCircular Driveway, Driveway, Gravel, No Garage, Off Street, On Site, Parking Lot
WaterfrontNo

Additional Details

Price History

Schools

Middle School N/A
High School N/A
Elementary School West Avenue Elementary School

Mec Cheney

Realtor
Price $375,000
MLS#229345
List Date 04/03/2025
Property Type Pending
Phone 903.570.7479
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