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$3,800,000
116 Days Online

701 W 25th Street
Austin, TX 78705

For Sale|Multi-Family|Active
Subdivision:
Watson
County:
Travis
701 W 25th Street701 W 25th Street701 W 25th Street701 W 25th Street
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Monthly Payment (Est.)

$17,337
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Seller Financing available -- One of the most prime if not the most prime locations in West Campus, Austin, Texas located on 25th St and Rio Grande in the University area of West Campus which is right by the University Of Texas. UT is one of the biggest universities nationwide, which is constantly growing. This area has hardly ever any vacancies due to the constant growth of the university and is perfect for those looking for constant income stream and consistent cashflow. This is located in University Neighborhood Outlay (UNO) which allows for much more significant heights to be developed at this same location thus there is huge opportunity to develop this and increase the cap rate. Parking requirements are also removed and set back requirements are also removed allowing for more maximizing of the land space to building something bigger and higher and newer. Perfect buy for those looking for consistent source of income or someone looking to tear down and redevelop. Ideal location for a fraternity/ sorority house. Commercial zoning on Rio Grande allows for even more possibilities. 145 ft maximum height restriction. The Chimneys was originally built in 1979 by Dr. Robert Snider. It consists of six 1 bed/ 1 bath units and two 2 bedroom/ 2 bath units. All units were recently renovated. Dell Medical School, LBJ Library, St. Davids Hospital, UT fields and football stadium are an easy walk from here. Guadalupe, "The Drag" is just 2 blocks away which has a multitude of restaurants, shopping, hotels, grocery, live music, entertainment, and just about anything else you need.

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Listing Snapshot
Price 
$3,800,000
Days Online 
116 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,396 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1309 Acres
Year Built 
1979
MLS® Number 
3295243
Status 
Active
Property Tax 
$32,990
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
4 months agoListing first seen online
General Features
Construction 
FrameStone
Parking 
Asphalt
Parking Spaces 
8
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1309
Water 
Public
Security 
None
Property Sub Type 
Multi Family
Utilities 
Cable AvailableElectricity ConnectedSewer ConnectedWater Connected
Foundation 
Slab
Zoning 
GO-NP University Neighbo
Listing Conditions 
Standard
Interior Features
Cooling 
Central Air
Heating 
Central
Flooring 
CarpetTileVinyl
Laundry Features 
Washer HookupDryer HookupElectric Dryer Hookup
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Exterior Features
View 
None
Waterfront Property 
No
Other Structures 
None
Community Features
MLS Area 
UT
Security Features 
None
Listing courtesy of eXp Realty, LLC (888) 519-7431


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. 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.
Data last update - 2024-04-28 12:55 PM CDT

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Neighborhood & Commute
Source: Walkscore
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