1011 West 25th Street
1011 West 25th Street
$2,395,000
8
6
5
4,318
4,318
$555
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.
- Listed by Stacy Caprio • TREC #0766736 • Ready Real Estate LLC • (817) 569-8200
Property Details for 1011 West 25th Street
Subdivision Name
Division D
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewNone
View YNNo
Pets AllowedBreed Restrictions, Cats OK, Dogs OK, Size Limit
Parcel Number02140013190000
Location
LISTING UPDATED: 03/14/2024 06:03 AM
Property Details for 1011 West 25th Street
Status | Active |
---|---|
MLS # | 7875495 |
Days on Market | 44 |
Taxes | $23,040 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1955 |
Lot Size | 0.11 AC / 5,000 SF |
County | Travis County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1011 West 25th Street
Property History for 1011 West 25th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.