There are multiple listings for this address:
1011 W 25th St
Austin, TX, 78705
$2,395,000
Beds
0 Baths
4,318 SqFt
0.11 Acres
Add
$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 Details

Price:
$2,395,000
MLS #:
2300347
Status:
Active
Beds:
0
Baths:
0
Address:
1011 W 25th St
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
Division D
City:
Austin
Listed Date:
Mar 14, 2024
State:
TX
Finished Sq Ft:
4,318
ZIP:
78705
Lot Size:
5,001 sqft / 0.11 acres (approx)
Year Built:
1955
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Schools

School District:
Austin ISD
Elementary School:
Bryker Woods
Middle School:
O Henry
High School:
Austin

Interior

Cooling
Central Air
Flooring
Carpet, Tile, Vinyl
Heating
Radiant

Exterior

Other Structures
Garage(s), Residence, Second Residence, Storage
Parking Features
Additional Parking, Assigned, Attached, Varies by Unit

Financial

Buyer Agent Compensation
3.000%
Taxes
$23,040

Map

Community

Similar Listings Nearby

1011 W 25th St
Austin, TX
1011 W 25th St
Austin, TX, 78705
$2,395,000
Beds
0 Baths
4,318 SqFt
0.11 Acres
Add
$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 Details

Price:
$2,395,000
MLS #:
7875495
Status:
Active
Beds:
0
Baths:
0
Address:
1011 W 25th ST
Type:
Multi Family
Subtype:
Mixed Use
Subdivision:
Division D
City:
Austin
Listed Date:
Mar 14, 2024
State:
TX
Finished Sq Ft:
4,318
ZIP:
78705
Lot Size:
5,001 sqft / 0.11 acres (approx)
Year Built:
1955
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

School District:
Austin ISD
Elementary School:
Bryker Woods
Middle School:
O Henry
High School:
Austin

Interior

Cooling
Central Air
Flooring
Carpet, Tile, Vinyl
Heating
Radiant

Exterior

Other Structures
Garage(s), Residence, Second Residence, Storage
Parking Features
Additional Parking, Assigned, Attached, Varies by Unit

Financial

Buyer Agent Compensation
3.000%
Taxes
$23,040

Map

Community

Similar Listings Nearby