PARTIAL BATHS: 1
SQ FT: 1492
LOT SIZE: .38
SHOOLS: Waco ISD
This is a rare opportunity to purchase one of Waco’s most luxurious short-term rentals, being offered as a turnkey investment. It is complete with everything one needs to continue operating effectively, efficiently, and profitably. With O2 zoning, the short-term rental permit has been approved for another two years and has been in effect since 2017.
Perfectly nestled between the Magnolia Silos and Baylor University, you’ll find The Avenues of Waco, which can host up to eight guests. Truly, this location cannot be beaten, just steps (1/4 mile) to Magnolia (a five-minute walk), and 0.7 miles to Baylor University. The current owner/operator has AirBnB Super Host and VRBO Premier Host status since 2017 with over 320 five-star online reviews.
This inviting exterior has been designed with impeccable detail and the interior welcomes guests home from start to finish. Amenities include three bedrooms, two full bathrooms, one-half bath, a soaring vaulted ceiling in the living space, a wood-burning fireplace, ample room in the living/kitchen area for gathering and entertaining, a center kitchen island, stainless appliances, covered front and back porches, backyard seating area with fire pit, and parking for up to eight vehicles. The property also has the capacity for growth with a lot size that would allow for future expansion with room for a guest or carriage house.
The next owner will inherit incredible value by having over five years of incredible reviews on multiple short-term rental websites. Even more, nearly all furnishings are included, including beds, furniture, multiple sets of bedding, towels, an entertainment center (AppleTV, BluRay DVD player, and cable), Ring security system, Schlage smart lock, and appliances! Only a few personal items are excluded (list provided on request), making this truly a turnkey investment. Lastly, the current on-site property manager wishes to stay on staff with the next owner and continue operating the hosting, turnover, and upkeep of this special property. The sale will also include the domain, website, logos, email addresses, a guidebook for guests, a property manager handbook, and a communication template for guests. This property has grossed over 100k in revenue every year since opening (aside from 2020 and still grossed 70k that year amidst a few months of no travel). What an opportunity!