Description

Two duplexes on one lot must be sold together. Current use as mid-term rentals, fully furnished, rented to guests in Waco for business or pleasure. The original use of the property was student housing. Each unit has 3 bedrooms with an attached bathroom, a common living area with a full kitchen, living area with a TV. 14 lockable storage units are located in the rear of the property. Fully furnished monthly rentals do not require a city permit or hotel taxes to be paid. In 2024 the property had bookings of $165,000. See attached NOI in supplements.
In 2023 all hot water heaters were replaced, 2024 3 AC units replaced.
Properties are professionally managed and can continue with same use or used for long term rentals as well. Just blocks from Lasalle, Baylor University, I35 and close to tourist attrations, this property has a variety of uses. Property is being sold with all of the furnishings, sheets, towels, washer, dryer, kitchen fully equiped.
Property is currently being booked using Airbnb, Vrbo platforms