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1011 W 25th St

Austin, TX 78705
  • $2,395,000
  • STATUS: Active
  • MLS #: 7875495
$2,395,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,318
    SQFT
  • $555
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Property listed by Stacy Caprio of Ready Real Estate LLC: (817) 569-8200.

Description

$13,100/mo income and $157,200/year projected income in 2024, expected to increase at renewals in 2025 to $166,300/year. 100% leased. Prime West Campus UT location. Pre-leases over a year in advance with a waitlist. Zoned for commercial and multi-family. This Investment offers a unique opportunity to enter the vibrant student housing market in one of the largest universities in the country - The University of Texas at Austin. Surrounded by a portfolio of properties consisting of single-family houses and duplexes, this property has great location, top-quality, and a unique product that cannot be easily duplicated. The Property consists of 3 Units, and 8 bedrooms including one unit converted for office use. This Investment gives steady cash flow in a market with historical occupancy of 100%. Residents at this Property are mainly made up of the student population, while one unit is dedicated to Office space / Commercial. Leases run for 12 months from August to August to correspond with the school year. Because of the age of the residents, all residents have a parental guarantor. Each Unit is jointly leased and all residents are placed on one lease contract. TAA (Texas Apartment Association) lease contracts are used as well as additional owner's rules addendums. Unique investor opportunity with consistent, high rental income.

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© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-26T23:02:24.777.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-05-26T23:02:24.777 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
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1011 W 25th St Austin, TX 78705

  • Price: $2,395,000
  • Status: Active
  • On Site: Days
  • MLS #: 7875495
0
Beds
0
Baths
0
½ Baths
0.11
Acres
4,318
SQFT
$555
$/SQFT
1955
Built
Neighborhood:
Division D
County:
Travis
Area:
Austin
Elementary School:
Bryker Woods
Middle School:
O Henry
High School:
Austin
School District:
Austin ISD
Property Description
$13,100/mo income and $157,200/year projected income in 2024, expected to increase at renewals in 2025 to $166,300/year. 100% leased. Prime West Campus UT location. Pre-leases over a year in advance with a waitlist. Zoned for commercial and multi-family. This Investment offers a unique opportunity to enter the vibrant student housing market in one of the largest universities in the country - The University of Texas at Austin. Surrounded by a portfolio of properties consisting of single-family houses and duplexes, this property has great location, top-quality, and a unique product that cannot be easily duplicated. The Property consists of 3 Units, and 8 bedrooms including one unit converted for office use. This Investment gives steady cash flow in a market with historical occupancy of 100%. Residents at this Property are mainly made up of the student population, while one unit is dedicated to Office space / Commercial. Leases run for 12 months from August to August to correspond with the school year. Because of the age of the residents, all residents have a parental guarantor. Each Unit is jointly leased and all residents are placed on one lease contract. TAA (Texas Apartment Association) lease contracts are used as well as additional owner's rules addendums. Unique investor opportunity with consistent, high rental income.
Exterior Features

Attached Garage YN Yes Covered Spaces 2 Direction Faces West Exterior Features Balcony Fencing None Foundation Details Slab Garage YN No Levels Three Or More Lot Features Corner LotFront Yard Other Structures Garage(s)Storage Parking Features AssignedAttached Patio And Porch Features Deck Roof CompositionShingle View None Waterfront Features None Waterfront YN No

Interior Features

Appliances Built-In RefrigeratorDishwasherMicrowaveOvenRefrigeratorWasher/Dryer Cooling Central Air Fireplaces Total 0 Flooring CarpetTileVinyl Heating Radiant Interior Features Ceiling Fan(s)Laminate CountersInterior Steps Laundry Location In Unit Unit Room Type Primary BedroomBedroomPrimary BathroomBathroomKitchenLaundryLiving RoomOfficeStorage Window Features Blinds

Property Features

Accessibility Features None Association YN No Community Features None Estimated Taxes 25150.25 Fema Flood Plain No Horse YN No Listing Terms CashConventional New Construction YN No Pets Allowed Cats OKDogs OKSmall DogsBreed Restrictions Property Condition Resale Property Sub Type Triplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 23040.4 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public



© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-26T23:02:24.777.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2024-05-26T23:02:24.777 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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Neal & Neal Team - Keller Williams Realty-City View
4618 De Zavala Rd
San Antonio TX, 78249
Property listed by Stacy Caprio of Ready Real Estate LLC: (817) 569-8200.