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1011 W 25th ST
Austin TX 78705 US

$2,395,000

Active Listing ID 7875495
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Lot: 0.11 Acres
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Triplex

$2,395,000

Active Listing ID 7875495
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1011 W 25th ST $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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Property Features

  • Facts
  • Lot Size: 0.11 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Triplex
  • Features
  • Exterior Finish: Balcony
  • Floor Covering: Carpet, Tile, Vinyl
  • Roof Type: Composition, Shingle
  • Heating Fuels: Radiant

School Information

  • School
  • Bryker Woods(Elementary)
  • O Henry(MiddleSchool)
  • Austin(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Triplex
  • listprice: 2395000
  • unparsedaddress: 1011 W 25th ST
  • postalcity: Austin
  • stateorprovince: TX
  • country: US
  • postalcode: 78705
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1148
  • lotsizeunits: Acres
  • lotsizearea: 0.1148
  • livingarea: 4318
  • livingareaunits: Square Feet
  • latitude: 30.289374
  • longitude: -97.748983
  • listagentfullname: Stacy Caprio
  • listagentemail: stacycaprio@gmail.com
  • listagentkey: 3yd-ABORTX-766736
  • listagentmlsid: 766736
  • listagentpreferredphone: 5127100123
  • listagentofficephone: 8175698200
  • listofficekey: 3yd-ABORTX-3829
  • listofficemlsid: 3829
  • disclaimer: Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ABORTX
  • yearbuilt: 1955
  • listagenturl: http://www.ReadyRealEstate.com
  • countyorparish: Travis
  • parcelnumber: 02140013190000
  • elementaryschool: Bryker Woods
  • highschool: Austin
  • elementaryschooldistrict: Austin ISD
  • middleorjuniorschooldistrict: Austin ISD
  • highschooldistrict: Austin ISD
  • appliances: Dishwasher, Dryer, Microwave, Refrigerator, Refrigerator - Built-in, Washer, Washer/Dryer Combo
  • constructionmaterials: Brick, Concrete, Frame
  • flooring: Carpet, Tile, Vinyl
  • heating: Radiant
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 10
  • parkingfeatures: Assigned
  • roof: Composition, Shingle
  • view: None
  • waterfrontyn: False
  • interiorfeatures: Ceiling Fan(s), Counter-laminate, Interior Steps
  • exteriorfeatures: Balcony
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -97.748983, 30.289374
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Listing Changed: 5/16/2024 7:04:42 PM GMT
Source Updated Date: 6/1/2024 6:48:53 AM GMT

Courtesy of: Stacy Caprio, Ready Real Estate LLC, stacycaprio@gmail.com

Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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