Welcome to Magnolia Bleau — a charming, fully renovated 3-bedroom, 1-bathroom home in the heart of Waco, Texas. Perfectly positioned near Downtown Waco, Magnolia Silos, Baylor University, the Brazos River, and some of the city’s most beloved attractions, this property offers the ideal blend of comfort, location, and investment potential.

Whether you're looking for a beautifully furnished place to call home or a turnkey opportunity to generate rental income, this property delivers. Operated as a successful Airbnb for the past five years, the home is being offered with furnishings and contents (negotiable for an additional cost), making it an attractive option for investors seeking a fully furnished rental—ideal for traveling nurses, executive stays, Baylor families, or anyone looking for a ready-to-go income-producing setup. This income-producing property is currently tenant occupied and generating $2,200 per month in rental income, making it an excellent addition to any investment portfolio.

Inside, you’ll find thoughtful updates throughout, including a newer roof installed in 2019 aprox, Hardie siding from 2025, and a warm, welcoming interior with neutral tones, modern lighting, and updated appliances. The layout offers a spacious living room, stylish kitchen, designated laundry area with back access, and three generously sized bedrooms with ample closet space and ceiling fans.

Located on a .1894-acre lot and zoned R-2, the property provides flexible use options. The backyard is  fenced, and there is parking area along the side of the home as well as plentiful parking on wide, quiet Kentucky Avenue. While the home previously held a Short Term Rental Type II permit, that permit was not renewed this year. Buyers are encouraged to contact the City of Waco to explore STR options—other permit types may be available, and the potential to reapply for Type II when available.

Magnolia Bleu is more than just a home—it’s a smart investment in one of Waco’s most vibrant and sought-after areas. Whether you’re a homeowner looking for move-in-ready charm or an investor looking to expand your portfolio, this opportunity won’t last long.