1902 Alexander Ave Waco, TX 76708
This stunning, vacant mixed-use property, located at 1902 Alexander Ave, Waco, TX 76708, presents a unique investment opportunity. The 2,612 square foot home, built in 1905 and extensively renovated in 2015, sits on a 0.19-acre lot and boasts four bedrooms and two bathrooms. Its prime location offers easy access to Waco's popular attractions, including proximity to the Silos and Cameron Park. The property's permitted zoning is residential. The interior features a blend of classic charm and modern amenities, making it ideal for a large family or as a lucrative short-term rental. The master bedroom includes a luxurious bathroom with a walk-in shower and soaking tub. Additional bedrooms offer comfortable space. The living room includes a memory foam pull-out couch, perfect for guests. The asking price is $499,000. This turnkey property is move-in ready and presents a competitive price point in a highly desirable market. This is a rare opportunity to acquire a piece of Waco history with significant potential for return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.