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2001 Gorman Avenue

Waco, TX 76707

Listing courtesy of Tracy Childress, AG Real Estate & Associates

$575,000

Active

Beds

Baths

Sqft

3,284

Year Built

1930

About this home

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!!!