• 1011 W 25th Street Austin, TX 78705

  • $2,395,000
  • 0
    Bed(s)
  • 0
    Baths
  • 4,318
    Sq Ft
  • 0.1148
    Acre

$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.

Property Type :

Residential Income

Subdivision :

Division D

County :

Travis

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 0

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Room Information

4318

Total Rooms: 0

Accessibility Features

None

Interior Features

Roof : Composition,Shingle

Exterior Property Features : Balcony

Interior Features: Ceiling Fan(s),Interior Steps,Laminate Counters,Storage

Property Appliances: Built-In Refrigerator,Dryer,Dishwasher,Microwave,Oven,Refrigerator,Washer

No. of Fireplace: 0

Cooling Features: Central Air

Heating Features: Radiant

Building Information

Year Built: 1955

Construction: Brick,Frame,Concrete

Roof: Composition,Shingle

Flooring: Carpet,Tile,Vinyl

Fencing: None

Patio And Porch Features: Patio

View: None

Exterior Features

Balcony

Window Features: Blinds

Laundry Features: Washer Hookup,Dryer Hookup

Lot Information

Lot Description: Corner Lot,Front Yard

Covered Spaces: 2

Lot Size Acres: 0.1148

Property Information

SQ ft: 4,318

Subdivision: Division D

Owner Pays: None

Directions: North on N Mopac Expy, turn right onto W 24th St, turn left onto Leon St, property is on your right.

Source Property Type: Residential Income

Property SubType: Triplex

Area: UT

Source Neighborhood: Division D

Total Square Feet Living: 4318

Foundation Details: Slab

Property Age: 69

Utilities: Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected

Listing Price Information

Original List Price: $2,395,000

Tax Information

Parcel Number: 02140013190000

Parking Information

Garage: 2

Parking Features: Assigned,Attached

Homeowners Association Information

Association: No

Pets Allowed: Breed Restrictions,Cats OK,Dogs OK,Size Limit

Community Features: None

School Information

Elementary School: Bryker Woods

Middle/Junior High School: O Henry

Senior High School: Austin

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The information being provided by ACTRIS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by ACTRIS.

ByOwner last updated this listing 05/18/2024 @ 01:59

MLS: 7875495
LISTED BY: Stacy Caprio, Ready Real Estate LLC
SOURCE: ACTRIS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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