$549,900
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5 Beds
6 Baths
2,880 SqFt
SOLD DATE : 11/03/2023
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $190
Subdivision Dunwody L R
MLS Listing ID 218207
Sold Date 11/03/23
Bedrooms 5
Full Baths 6
Year Built 1964
Annual Tax Amount $10,947
Lot Size 1.643 Acres
Acres 1.6427
Property Sub-Type Single Family Residence
Property Description
Welcome to this exceptional 5 bedroom, 6 bathroom property nestled on over 1.6 acres of prime real estate, just minutes away from Baylor University. Zoned as R-3b, this versatile property offers an array of possibilities for savvy investors and homeowners alike.
This spacious residence boasts five generously sized bedrooms, each featuring its own master en-suite bathroom. The property has a proven track record of rental success, accommodating Baylor students, athletes, and even serving as a long-term housing solution for an out-of-town construction company. The potential for rental income or multifamily living is undeniable.
Beyond its immediate use as a comfortable and convenient living space, the zoning allows for the development of various housing options, including townhouses, multiple-family dwellings, single-family attached (zero lot line) dwellings, two-family duplexes, and more. This flexibility opens the door to countless investment possibilities.
Situated on over 1.6 acres of land, this property offers ample space for expansion, landscaping, or other creative ventures. The proximity to Baylor University ensures a steady demand for housing, making it an ideal location for investors seeking long-term returns.
With the right vision and execution, this property presents an incredible opportunity for the next owner. Whether you're looking to capitalize on the rental market, explore multifamily development, or create a unique residential oasis, this property has the potential to become a lucrative and remarkable investment. Don't miss your chance to own a piece of prime real estate in this thriving community!
Location
State TX
County Mclennan
Direction I-35 North and exit University Parks drive and head east. Make a right on Gurley Lane and the property will be on your left-hand side.
Interior
Interior Features Cable TV Available, Wired for Data
Heating Natural Gas
Cooling Central Air, Gas
Flooring Tile
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Gas Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor
Heat Source Natural Gas
Exterior
Exterior Feature Dog Run
Fence None
Pool Pool/Spa Combo, Separate Spa/Hot Tub
Utilities Available Sewer Available
Roof Type Composition
Garage No
Building
Foundation Slab
Structure Type Brick,Frame
Schools
Elementary Schools South Waco
School District Waco Isd
Others
Ownership Steve Oats and Christy Oates
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Shane Trevino • NextHome Our Town
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