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$245,000

2508 Mitchell Ave, Waco, TX, 76708

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,497 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.66 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Electric Range, Electric Water Heater, Refrigerator
FlooringVinyl

Exterior

Lot Size15,246 sqft

Building Information

Year Built1929
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480424000875000
Lot Number16
SubdivisionUniversity Hts
Land UseResidential
Legal DescriptionUNIVERSITY HTS LOT 16 BLOCK 9 ACRES .35
Census Tract000900
Assessed Land Value$23,326
Assessed Improvement Value$165,890
Assessment Year2026

About this property

Timeless charm meets everyday comfort in this beautifully updated 1929 home, situated on a spacious .35-acre lot. Featuring three bedrooms and two bathrooms, this inviting home welcomes you with abundant natural light, updated windows, and vinyl flooring throughout. The kitchen offers granite countertops, stainless steel appliances, and a fresh, welcoming space for preparing meals and gathering with friends. Both bathrooms also feature granite countertops for a cohesive finish. Most remodeling was completed approximately five years ago, including plumbing and electrical updates, while the roof was replaced approximately two years ago. The refrigerator, washer, and dryer convey, adding convenience for the next owner. Outside, the generous yard provides room to play, garden, entertain, or simply relax and enjoy a sense of privacy. Located approximately 10 to 15 minutes from McLennan Community College, Baylor University, Magnolia Market, Cameron Park, downtown Waco, and shopping, this home brings together vintage appeal, thoughtful updates, and a convenient location.

Investor Tools

$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

Interested in this property?

Andrea Ridgway

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,415
$141,967
2026
$23,326
$165,890
$189,216
No

Tax History

Year
Tax Paid
Assessed Value
2026
$1,415
$141,967

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,700/mo
N/A
+$1,700/mo
10.1%

City: Waco