There are multiple listings for this address:
$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 Under Contract
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
See this Listing
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
- Address1011 W 25th St Austin TX
- CityAustin
- CountyTravis
- Zip Code78705
Similar Listings Nearby
- 1311 E 7th ST
Austin, TX$3,000,000
2.11 miles away
Austin, TX$2,750,000
2.84 miles away
- 2903 E 2nd ST
Austin, TX$2,700,000
3.36 miles away
- 517 N Interstate 35 Highway
Austin, TX$2,650,000
1.87 miles away
- 815 W 11th ST
Austin, TX$2,375,000
1.00 miles away
- 81 San Marcos ST
Austin, TX$2,299,999
2.26 miles away
- 604 Fletcher ST
Austin, TX$1,999,050
3.21 miles away
- 1140 Gunter ST
Austin, TX$1,950,000
3.37 miles away
- 910 E Cesar Chavez ST
Austin, TX$1,890,000
2.14 miles away
![disclosure](https://img.roveridx.com/Controls/_br/BR_ABOR.png)
1011 W 25th St
Austin, TX
$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 Under Contract
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
See this Listing
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
- Address1011 W 25th ST Austin TX
- CityAustin
- CountyTravis
- Zip Code78705
Similar Listings Nearby
- 1305 Lorrain ST
Austin, TX$2,595,000
0.73 miles away
- 1914 E 8 ST
Austin, TX$2,250,000
2.46 miles away
- 615 W North Loop BLVD
Austin, TX$2,200,000
2.46 miles away
- 404 W Monroe ST # B
Austin, TX$1,999,500
2.79 miles away
- 604 Fletcher
Austin, TX$1,999,050
3.21 miles away
- 2408 W 12th ST
Austin, TX$1,995,000
1.31 miles away
- 1809 Ford ST
Austin, TX$1,925,000
2.86 miles away
- 1117 Lawson LN
Austin, TX$1,924,990
2.16 miles away
- 2323 Hartford RD
Austin, TX$1,795,000
0.59 miles away
LIGHTBOX-IMAGES