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Description Open House Details Location Market Trends Schools
$2,395,000 Est. $8,518 / mo.*

1011 W 25th Street Austin , TX 78705

Property listed by Ready Real Estate LLC 817-569-8200 (817) 569-8200

Description

Property Type: Triplex
Status: Active
Year Built: 1955
Neighborhood: Division D
Days on Website: 53
$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.

Open House

Property Details and Features

Appliances & Equipment
Built-In Refrigerator
Dryer
Dishwasher
Microwave
Oven
Refrigerator
Washer
Building
Built in 1955
4,318 sqft living area
Brick
Frame
Concrete
Disclosures
Lead Based Paint Disclosure
[+] Read More

Contact an Agent

Mike Caputo

(512) 250-0253

Location

$2,395,000 -
1011 W 25th Street Austin , TX 78705
County: Travis

Street View

Nearby Schools

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