$2,395,000 Price Analysis    ♡   Austin, TX 78705 8 bed 11 bath 4,318 SqFt ($554/SqFt) 5,001SqFt lot. Built 1955 Listed 2024-03-14, Taxes $30,434 | Ⓧ USDA Ineligible due to price & location near Austin |
$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 portfo lio of properties consisting of single-family houses and duplexes, this property has exceptional 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 spce / 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.
Presented by Stacy Caprio at
Ready Real Estate Llc.
Property MLS #7875495 from UnlockMLS
Full Bathrooms: 6
1/2 Bathrooms: 5
Counter-Laminate
Interior Steps
Flooring: Carpet, Tile, Vinyl
Window Features: Blinds
Dishwasher
Microwave
Oven
Refrigerator
Washer/Dryer
Laundry Features: In Unit
Heating Features: Radiant
Patio And Porch Features: Deck
Garage Spaces: 2
Parking Features: Assigned, Attached
Parking Total: 10
Lot Size Acres: 0.1148
Lot Size Square Feet: 5001
Calculated Total Monthly Association Fees: 0
High School: Austin
Middle School: O Henry
School District: Austin ISD
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 3
Full Bathrooms in Unit-2: 2
Full Bathrooms in Unit-3: 1
Half Bathrooms in Unit-1: 5
Unit-1 Furnished Description: Unfurnished
Unit-2 Furnished Description: Unfurnished
Unit-3 Furnished Description: Negotiable
Unit 1 Total Actual Rent: 8100.00
Unit 2 Total Actual Rent: 2000.00
Unit 3 Total Actual Rent: 3000.00
Tax Block: 1
Source Listing Status: Active
County: Travis
Directions: North on N Mopac Expy, turn right onto W 24th St, turn left onto Leon St, property is on your right.
Tax Year: 2023
Source Property Type: Residential Income
Area: UT
Source Neighborhood: Division D
Parcel Number: 02140013190000
Subdivision: Division D
Flood Plain: No
Property Subtype: Triplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $848,294 + $540,000 $1,388,294 | $30,434 |
| 2022 | $413,200 + $351,000 $764,200 | $30,218 |
| 2021 | $176,600 + $351,000 $527,600 | $19,359 |
| 2020 | $179,967 + $351,000 $530,967 | $11,388 |
| 2019 | $100,504 + $351,000 $451,504 | $11,662 |
| 2018 | $100,504 + $351,000 $451,504 | $9,996 |
| 2017 | $124,915 + $315,000 $439,915 | $10,473 |
| 2016 | $188,994 + $176,000 $364,994 | $13,417 |
| 2014 | $280,939 + $198,000 $478,939 | $9,289 |
| 2014 | $179,138 + $198,000 $377,138 | $8,975 |
| 2013 | $336,946 + $198,000 $534,946 | $11,585 |
| 2012 | $unknown + $unknown $554,763 | $12,744 |
| 2011 | $unknown + $unknown $452,000 | $12,853 |
| 2010 | $unknown + $unknown $554,763 | $9,972 |
| 2009 | $unknown + $unknown $505,304 | $12,086 |
| 2008 | $unknown + $unknown $539,547 | $11,944 |
$2,395,000
UnlockMLS
Listing removed 2024-02-15
$0
TurboTenant
Listing removed 2024-02-15
$5,000
UnlockMLS
Listed for rent 2024-02-05
$5,000
TurboTenant
Listed for rent 2024-02-05
$5,000
UnlockMLS
Listing removed 2022-07-29
$6,000
UnlockMLS
Listing removed 2022-07-27
$0
RentlinxUnits
Listed for rent 2022-07-16
$6,000
RentlinxUnits
Price Changed for rent 2022-07-14
$6,000
UnlockMLS
Price Changed for rent 2022-07-13
$6,900
UnlockMLS
Price Changed for rent 2022-07-06
$7,100
UnlockMLS
Price Changed for rent 2022-07-01
$7,500
UnlockMLS
Listed for rent 2022-06-30
$7,900
UnlockMLS
Sold 2000-03-31
$0
Public Record
Year Built: 1955
Construction Materials: Brick, Concrete, Frame
Direction Faces: West
Foundation Details: Slab
Levels: Three Or More
Living Area Source: Public Records
Property Age: 69
Roof: Composition, Shingle
Year Built Source: Public Records
Cable Available
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.