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$2,395,000
44 Days Online

1011 W 25th Street
Austin, TX 78705

For Sale|Multi-Family|Active
Subdivision:
Division D
County:
Travis
1011 W 25th Street1011 W 25th Street1011 W 25th Street1011 W 25th Street
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Monthly Payment (Est.)

$10,927
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

$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.

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Listing Snapshot
Price 
$2,395,000
Days Online 
44 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,318 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1148 Acres
Year Built 
1955
MLS® Number 
7875495
Status 
Active
Property Tax 
$23,040
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Garage Spaces 
2
Construction 
BrickFrameConcrete
Parking 
AssignedAttached
Parking Spaces 
10
Sewer 
Public Sewer
Number of Stories 
Three Or More
Acreage 
0.1148
Water 
Public
Security 
None
Property Sub Type 
Triplex
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Foundation 
Slab
Listing Conditions 
Standard
Direction Faces 
West
Interior Features
Cooling 
Central Air
Heating 
Radiant
Appliances 
Built In RefrigeratorDryerDishwasherMicrowaveOvenRefrigeratorWasher
Flooring 
CarpetTileVinyl
Interior 
Ceiling FansInterior StepsLaminate CountersStorage
Fireplaces 
0
Laundry Features 
Washer HookupDryer Hookup
Window Features 
Blinds
Fireplace 
No
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Exterior Features
Roof 
CompositionShingle
View 
None
Fencing 
None
Waterfront Property 
No
Waterfront Features 
None
Exterior 
Balcony
Lot 
Corner LotFront Yard
Patio And Porch 
DeckBalcony
Other Structures 
Garage(s)Storage
Community Features
Pets 
Breed RestrictionsSize Limit
Community Features 
None
MLS Area 
UT
Security Features 
None
Schools
School District
Austin ISD
Elementary School
Bryker Woods
Middle School
O Henry
High School
Austin
Listing courtesy of Ready Real Estate LLC (817) 569-8200


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 - 2024-04-27 05:25 PM CDT

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Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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