Waco, TX 76707 1607 West Avenue
$395,000



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Presented By: Chelsea Hutchens with Fathom Realty;
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
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NYes
Other Rooms
Room Count
General for 1607 West Avenue
Additional Parcels Y/NNo
AppliancesDryer, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
Attached Garage No
Cap Rate8.57
Carport Y/NNo
CityWaco
Construction MaterialsBrick, WoodSiding
CoolingCentralAir, Electric, WindowUnits
CountyMcLennan
DirectionsFrom Colcord, travel East, take a right on N 15th, right on West Ave, property will be on the right.
DisclosuresOwnerIsListingAgent
Electric On Property Y/NNo
Elementary SchoolWest Avenue
Elementary School DistrictWaco ISD
Full Baths3
Garage Y/NNo
Gross Income42600.0
HOANo
HeatingCentral, Electric
High SchoolWaco
High School DistrictWaco ISD
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionDICKEY Lot A9 Block 83 Acres .421
LevelsTwo
Middle/Junior High SchoolGW Carver
Middle/Junior School DistrictWaco ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-29T16:25:05.600-00:00
Net Operating Income33860.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Ok to LeaseTwelveMonths
Other StructuresSheds
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Subdivision NameDickey
Tax Annual Amount5639.0
Tax LotA9
Tenant PaysElectricity, Sewer, TrashCollection, Water
UtilitiesElectricityConnected, SewerAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1932
Zoning DescriptionR-1B
Exterior for 1607 West Avenue
Building Area Total3060.0
Crops Included Y/NNo
FencingFenced, Full, Perimeter, Privacy, Wood
Foundation DetailsPillarPostPier
Horse Y/NNo
Irrigation Water Rights Y/NNo
Number of Buildings2
Open Parking Y/NYes
Parking FeaturesCircularDriveway, Driveway, Gravel, NoGarage, OnSite, OffStreet, ParkingLot
SpaNo
Additional Details
Price History
Schools
High School
Waco High School
Elementary School
West Avenue Elementary School
Middle School
GW Carver Middle School

Mec Cheney
Realtor