1011 W 25th St St, Austin, TX 78705 (MLS # 2300347)
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$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.
| LAST UPDATED | 3/15/2024 | TRACT | Division D |
|---|---|---|---|
| YEAR BUILT | 1955 | COMMUNITY | Division D |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | UT |
| BUYER'S BROKERAGE COMPENSATION | 3.000 |
| CONSTRUCTION | Brick, Concrete, Frame |
| GARAGE | Attached Garage |
| HEAT | Radiant |
| LOT | 5001 sq ft |
| PARKING | Additional Parking, Assigned, Attached, Varies by Unit |
| SEWER | Public Sewer |
| SUBDIVISION | Division D |
| TAXES | 23040.4 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | CS-MU-V-CO-NP Zoned as CS (Commercial Services) can be used as any General commercial service / M |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Stacy Caprio, Ready Real Estate LLC
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 5/5/24 1:42 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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