TX
Travis
Austin
78705
1011 W 25th ST
1011 W 25th ST, Austin, TX 78705
Listing Type
single family
Listing Status
active
39
$2,395,000

Home Details for 1011 W 25th ST

Price
$2,395,000
Type
Residential Income
Bedrooms
0
Bathrooms
0.0
Square feet
4318
Year built
1955
Lot size acres
0.1148
County
Travis
Garage
Days on site
100
MLS Listing#
7875495
Listing courtesy: Ready Real Estate LLC - (817) 569-8200
Property Description

$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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Available
    • Sewer Connected
    • Water Connected
  • House Interior
    • Ceiling Fan(s)
    • Laminate Counters
    • Interior Steps
  • Waterfront and Water Access
    • None
  • Cooling Information
    • Central Air
  • Heating Information
    • Radiant
  • Water Features
    • Public
School Information
School Information for 1011 W 25th ST, Austin, TX 78705
Elementary School
N/A
Middle School
N/A
High School
Austin
Based on information from the Austin Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-06-14 22:15:18
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Median Listing Price
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Market statistics compiled from data from Austin Board of REALTORS.
EXIT HEART OF TEXAS REALTY
4003 W. Stan Schlueter Loop Rd. Suite 106, Killeen, TX 76549
Office
254 781 2012
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