Sue Milam Reed, Broker Associate
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2001 Gorman Avenue, Waco, TX 76707

$575,000
  • 2001 Gorman Avenue, Waco, TX 76707 Main Photo

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Active
BEDS7 BATHS5 full 2 partial SQUARE FEET3,284 MLS#21166293
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONCohen SCHOOLWaco ISD

Property Description

BACK ON THE MARKET & PRICED TO SELL!!!The Gorman House, as seen on Season 1 of Fixer Upper, offers its buyer an incredible opportunity to apply for a special permit to continue hosting a lucrative & FULLY FURNISHED short-term rental as an STR I, owner-occupied host. Generating appx 75k a year, the main home features gorgeous wood floors that grace the entirety of the living and bedroom spaces on all three floors, utilizing tile in the upstairs bathrooms. The open floorplan includes a large kitchen island, a perfect gathering spot while guests or host displays their culinary skills, in addition to the charming banquette Joanna Gaines cleverly designed for dining. Two sitting areas provide ample space for relaxation, conversation or gathering for a movie night as well as a stunning wrap-around porch for outdoor enjoyment. The elegant staircase carries guests to the second floor offering four spacious bedrooms: two with private ensuite baths & two sharing a jack-and-jill bath and plentiful storage space. The third story is a delightful attic conversion featuring a sitting area, ensuite bath, queen bed, large closet, mini-split ac & spray foam insulation insuring a very comfortable night's sleep. The guest house, renovated in 2018, consistently generates $3,000 of MONTHLY INCOME as a short-term rental, includes two bedrooms, 1.5 bath & cozy living area. The garage currently serves as a storage room conveniently providing three sets of washers & dryers to efficiently launder towels & linens. A fourth washer & dryer set serves guests in the main house utility room. Situated on a corner lot, an abundance of grass borders both houses for guests & host to uniquely enjoy. This property is truly one-of-a-kind and ideally located within 10 minutes drive to Baylor University, walking distance to Antioch Community Church & just a few miles to Magnolia Market at the Silos. MAIN HOUSE GENERATES AN AVG OF 70K ANNUALLY if you wish to reside in the smaller dwelling! WELCOME HOME!!!

2001 Gorman Avenue | MLS# 21166293

This single family home located at 2001 Gorman Avenue, Waco, TX 76707 is currently listed for sale with an asking price of $575,000. This property was built in 1930 and has 7 bedrooms and 5 full and 2 partial baths with 3284 sq. ft. Gorman Avenue is located in the Cohen subdivision within the Waco ISD school district. Search Cohen real estate on suemilamreed.kellyrealtors.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric
Fireplaces: 9
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.38 Acres
Roof Type: Composition
Year Built: 1930

Amenities

Cable TV Available
Covered Patio/Porch
Rain Gutters

Feature Descriptions

Appliances: Built-in Gas Range, Disposal, Electric Water Heater, Microwave, Refrigerator
Days on Site: 34
Fencing: Chain Link, Partial
Fireplace: None
Flooring: Tile, Wood
Parcel#: 168729
Parking: Attached Carport, Driveway, Garage Double Door, Garage Faces Front, Garage Faces Side, Unpaved
Parking Notes: Attached Carport, Driveway, Garage Double Door, Garag
Utilities: City Sewer, Sewer Available

Room Sizes

Living Room: 15.00 x 10.00 Level - 1

Local Schools

Elementary School: West Avenue
School District: Waco ISD

Listed By / Shown By

Listed By

Agency Name: AG Real Estate & Associates
Agent Name: Tracy Childress

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Shown By

Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors

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Estimated Payment

$ 1,447.41 per month $1,279.70 Principal & Interest $0.00 Property Tax (data not provided by mls) $167.71 Homeowner's Insurance

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