Introducing the San Gabriel House, a distinctive legacy property in West Campus, University of Texas, Austin. With over 5000 sq. ft. of living space and 8-10 bedrooms/offices, it offers unrivaled rental revenues, soon exceeding $200k annually.
The rents for this property have never failed to increase in 25 years. Also, the property has never been vacant in 25 years. The revenues are thus projected to increase with no foreseeable ceiling.
There have been extensive renovations in 2021-22, including new decks, balconies, HVAC, roof, and foundation.
Beyond student rentals, it presents diverse potential as a headquarters or satellite office for a business or fraternal organization, thanks to the recent renovations and unique features.
This structural overhaul has created the option of a cosmetic restoration. The three-story 1935 plantation-style main house can be considered to be primed for beautification, both inside and out.
The owner's personal circumstance requires that he sell the property. Thus, this piece of Austin's heritage is now available for purchase.
Property Type :
Residential
Subdivision :
Carrington
County :
Travis
Style :
Residential
Sell a home like this and save $124,001 Find Out How
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 05/21/2024 @ 02:47
MLS: 3171664
LISTED BY: Steven Johnson, Realty Pros of Austin
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.
