Stacy Caprio
This listing was posted on RealtyWW.
$2,395,000
Home For Sale In Austin, Texas
Price:
$2,395,000
BR/BA:
8 BR, 6.5 BA
Location:
1011 W 25th St, Austin, TX
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. 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.For more details: https://realtyww.info/homes_austin-d523187/for-sale_i69491786
Property Type:
Single-Family Houses
Posted:
March 16 on RealtyWW
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More About this Listing: Home For Sale In Austin, Texas
Home For Sale In Austin, Texas is a Eight Bedroom 6.5 Bathroom Single-Family Homes for Sale at 1011 W 25th St in Austin TX. Find other listings like Home For Sale In Austin, Texas and listings near 1011 W 25th St by searching Oodle Classifieds for Eight Bedroom 6.5 Bathroom Single-Family Homes for Sale in Austin TX.
Home For Sale In Austin, Texas is a Eight Bedroom 6.5 Bathroom Single-Family Homes for Sale at 1011 W 25th St in Austin TX. Find other listings like Home For Sale In Austin, Texas and listings near 1011 W 25th St by searching Oodle Classifieds for Eight Bedroom 6.5 Bathroom Single-Family Homes for Sale in Austin TX.