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Days23Days on Market
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$199,900

2501 S 27th St, Waco, TX, 76706

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,544 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$78.58 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesNone

Exterior

Lot Size8,603 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480331030141001
Lot Number1
SubdivisionPierrard
Land UseResidential
Legal DescriptionPIERRARD LOT 1 BLOCK 10 ACRES .1975
Census Tract002100
Assessed Land Value$22,020
Assessed Improvement Value$270,520
Assessment Year2025

About this property

Opportunity is knocking at 2501 S 27th St! With 2,544 square feet and priced well below market value, this property offers the chance to build instant equity for the right buyer. Much of the heavy lifting has already been started with a brand-new roof and all debris and junk removed, leaving you with a clean slate to bring your vision to life. Located just minutes from Baylor University, Magnolia Table, downtown Waco, and I-35, you'll enjoy the convenience of being close to everything while still tucked away in an established neighborhood. Whether you're looking for your next flip, rental investment, or a custom renovation project, the potential here is undeniable. The spacious footprint provides endless possibilities to reimagine the layout and create a stunning finished product. Please note: The property will require ALL future work to comply with City of Waco inspection requirements and permitting standards. Buyers are encouraged to perform their own due diligence regarding the scope of work required. If you're looking for a property with built-in equity, a fantastic location, and unlimited potential, this is one you won't want to miss.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$0Estimated Mortgage Balance
$298,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

Interested in this property?

Lindsey Wachsmann

Bramlett Partners

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,565
$241,561
2025
$22,020
$270,520
$292,540
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,565
$241,561

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$298,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
N/A
+$1,370/mo
5.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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2501 S 27th St | Property Details | No Agent List