1011 West 25th Street

Austin, TX 78705

$2,395,000
Price
8
Beds
6
Baths
5
1/2 Baths
4,318 Sq. Ft.
$555 / Sq. Ft.
4,318
Sq. Ft.
$555
per Sq. Ft.

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...$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.
  1. Listed by Stacy Caprio • TREC #0766736 • Ready Real Estate LLC • (817) 569-8200

Property Details for 1011 West 25th Street

Subdivision Name
Division D
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
None
View YN
No
Pets Allowed
Breed Restrictions, Cats OK, Dogs OK, Size Limit
Parcel Number
02140013190000

Location

Listing Courtesy of Ready Real Estate LLC, Stacy Caprio, TREC #0766736
Add your commute
LISTING UPDATED: 03/14/2024 06:03 AM

Property Details for 1011 West 25th Street

StatusActive
MLS #7875495
Days on Market44
Taxes$23,040 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1955
Lot Size0.11 AC / 5,000 SF
CountyTravis County

Location

Listing Courtesy of Ready Real Estate LLC, Stacy Caprio, TREC #0766736
Add your commute

Building Information for 1011 West 25th Street

Stories-Residences-Year Built1955Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$14,990 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,070

Property Taxes

$1,920

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1011 West 25th Street

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 10
  • Parking Features: Assigned, Attached
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Ceiling Fan(s), Interior Steps, Laminate Counters, Storage
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Built-In Refrigerator, Dryer, Dishwasher, Microwave, Oven, Refrigerator, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Restrictions: See Remarks
Exterior
  • Exterior Features: Balcony
  • New Construction: No
  • Construction Materials: Brick, Frame, Concrete
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Balcony
  • Roof: Composition, Shingle
  • Fencing: None
  • Direction Faces: West
  • Window Features: Blinds
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Corner Lot, Front Yard
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Radiant
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Owner Pays: None
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: C
  • BedsTotal: 0
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Negotiable
  • ActualRent: $3,000.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 02-15-2025
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $3,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: B
  • BedsTotal: 2
  • NumFullBaths: 2
  • NumHalfBaths: 0
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $2,000.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 02-15-2025
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $2,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: A
  • BedsTotal: 6
  • NumFullBaths: 3
  • NumHalfBaths: 5
  • BathsTotal: 8
  • Furnished: Unfurnished
  • ActualRent: $8,100.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 08-08-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $8,100.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $1,273,480
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: None
  • Directions: North on N Mopac Expy, turn right onto W 24th St, turn left onto Leon St, property is on your right.

Property History for 1011 West 25th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1011 West 25th Street

Taxable ValueLand$540,000Additions$733,480Total$1,273,480
Tax Record2022$27,418 ($2,285 / month)
Home Facts
Total Finished SqFt4,318 SqFtAbove Grade Finished SqFt4,318 SqFtStories3Lot Size5,001 SqFtStyleQuadraplexYear Built1955CountyTRAVISAPN0214001319

Schools near 1011 West 25th Street

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Bryker Woods Elementary School
PublicPK to 5

Rosedale
PublicPK to 12

Austin High School
Public9 to 12

Garza Independence High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1011 West 25th Street is a multi-family home for sale in Austin, TX 78705. This property was listed for sale on March 14, 2024 by Ready Real Estate LLC, it's currently listed at $2,395,000. It has been on the market for a total of 44 days and was last sold on March 30, 2000. This listing's school district is Austin Independent School District. Nearby schools include Bryker Woods Elementary School, Rosedale and Austin High School. 1011 West 25th Street is a 8-bed, 8.5-bath, 4,318 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ready Real Estate LLC, Stacy Caprio, TREC #0766736

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, 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 consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.