1011 W 25th Street, Austin, TX

$2,395,000

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4,318

Square feet

0.11

Acres

About 1011 W 25th Street

$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.

Triplex for sale in Austin, TX at 1011 W 25th Street. This triplex is priced at $554.65/sqft

Features of 1011 W 25th Street

MLS® # 7875495
Price $2,395,000
Bathrooms 0.00
Square Footage 4,318
Acres 0.11
Year Built 1955
Type Residential Income
Sub-Type Triplex
Status Active

Community Information: Austin

Address 1011 W 25th Street
Area UT
Subdivision Division D
City Austin
County Travis
State TX
Zip Code 78705

Amenities

Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Features None
Parking Assigned, Attached
Garage Spaces 2
View None
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Carpet, Tile, Vinyl
Appliances Built-In Refrigerator, Dryer, Dishwasher, Microwave, Oven, Refrigerator, Washer
Heating Radiant
Fireplace No
Stories Three Or More

Exterior

Exterior Features Balcony
Lot Description Corner Lot, Front Yard
Roof Composition, Shingle
Construction Brick, Frame, Concrete
Foundation Slab

School Information

District Austin ISD
Elementary Bryker Woods
Middle O Henry
High Austin

Additional Information

Date Listed March 14th, 2024
Days on Market 73
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReady Real Estate LLC
Contact Details(817) 569-8200

Listing Map

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