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    1024 Austin Ave Waco, TX 76701

    For Sale
    Contact for pricing

    Downtown Waco condo, rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional condo at 1024 Austin Ave, Waco, Texas, 76701, is part of the new Dottie Oaks development, a luxurious mixed-use community blending retail and residential spaces. Located in the heart of downtown Waco, this property offers unparalleled convenience, being within walking distance of popular attractions like The Silos and just across the street from Milo All Day and Balcones Distillery. Residents can enjoy the vibrant downtown atmosphere while retreating to their spacious and comfortable condo. Units feature various floor plan options, including one, two, and three-bedroom layouts, with the possibility of full customization to meet individual needs. Each unit boasts private patios or balconies, perfect for enjoying morning coffee or evening relaxation. The prime location presents a significant opportunity for AirBnB or VRBO rental income, providing a lucrative investment potential. The property's proximity to McLane Stadium makes it ideal for Baylor University events, eliminating the need for hotel accommodations. This is a unique opportunity to own a piece of Waco's thriving downtown scene, combining luxury living with exceptional investment potential. The property is situated in McLennan County and offers easy access to all that downtown Waco has to offer.

    Property Features for 1024 Austin Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • Excellent Airbnb/VRBO investment potential.
    • Short walk to The Silos and the downtown area.
    • Spacious floor plans with private patios/balconies.
    • One-, two-, and three‑bedroom units available, plus fully customizable options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blairs Cove Apartment Complex

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1363244
    Latitude
    31.5516344

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    FAQs

    What type of property is this?
    Specialty property - Downtown Waco condo, rental income potential.
    Where is this specialty property located?
    The property is located at 1024 Austin Ave Waco, TX.
    What are key features of this property?
    This property features: Excellent Airbnb/VRBO investment potential.; Short walk to The Silos and the downtown area.; Spacious floor plans with private patios/balconies.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1024 Austin Ave Waco, TX 76701
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