607 Bellevue PL, Austin TX 78705

$995,000
607 Bellevue PL, Austin TX 78705, Austin, College Court

Overview

  • Updated On:
  • February 5, 2025
  • 2,071 ft2

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.

Address: 607 Bellevue PL, Austin TX 78705
City:
State/County:
Zip: 78705
Country: United States

Property Id: 8097969
Price: $995,000
Property Size: 2,071 ft2
Property Lot Size: 0 ft2
ACTRIS_LaundryLocation: Common Area,In Carport,Laundry Closet
AccessibilityFeatures: None
CommunityFeatures: None
Cooling: Attic Fan,Ceiling Fan(s),Central Air
DirectionFaces: West
ElementarySchool: Lee
ElementarySchoolDistrict: Austin ISD
Flooring: Carpet,Vinyl
FoundationDetails: Slab
Heating: Central,Natural Gas
HighSchool: McCallum
ListOfficeName: Resavvy LLC
LivingAreaSource: See Remarks
LotFeatures: Level,Trees-Medium (20 Ft - 40 Ft)
MiddleOrJuniorSchool: Kealing
MLSAreaMajor: UT
MlsStatus: Active
OtherStructures: Storage
ParkingFeatures: Carport
PatioAndPorchFeatures: None
PoolFeatures: None
Roof: Composition
Sewer: Public Sewer
StateOrProvince: TX
Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View: Neighborhood
WaterfrontFeatures: None
WaterSource: Public
YearBuilt: 1956
ListingId: 7797584
ACTRIS_PropertyKey: 48453|208658|1|142759982
ListOfficePhone: (512) 762-8669
SyndicationRemarks: 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.
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
Levels: One
ModificationTimestamp: 2025-02-04T21:30:56.090Z
ACTRIS_EstimatedTaxes: 11032
Fencing: Back Yard
ACTRIS_Country: US
LotSizeArea: 0.163
PropertyCondition: Resale

Other Features
Ceiling Fan(s)
Eat-in Kitchen
Electrical Utility Available
Free-Standing Gas Range
Free-Standing Refrigerator
Laminate Counters
Microwave
Pantry
Primary Bedroom on Main
Private Yard
Water Heater-Gas

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