Tony Lazarov
This listing was posted on RealtyWW.
$2,195,000
Home For Sale In Austin, Texas
Price:
$2,195,000
BR/BA:
9 BR, 4 BA
Location:
2511 San Gabriel St, Austin, TX
Description:
$200K Price reduction! 6.3% to 7% cap rate with already executed leases. An opportunity to own a Trophy cashflow property in the best possible location in Austin, TX. The property is a few short blocks from the UT campus and less than a mile from DT. This amazing 2023 remodeled house features, new or updated HVAC, plumbing, electrical, appliances, etc. It's a rare, 1 story house in such high demand, that the property has been pre-leased until July 31st, 2025 for $13, 800 per mo. and from Aug 2025 until July 31st, 2026 for $15, 000 per mo. That is about a 7% cap rate based on the asking price. This is a Core investment opportunity, rarely ever to come up for sale. Selling at a very high cap rate, and low expenses. This opportunity is turn-key with strong rental and price appreciation potential. It is located in the coveted UNO overlay so it also offers an amazing redevelopment future potential. Investment highlights: Core Investment Strong cap rate and cash flow - ALready rented at $13, 800/month until July 31st 2025 and Pre-leased from Aug 2025 until July 31st, 2026 for $15, 000 per month. The expected rent for Aug 2026 - Aug 2027 term is $16, 000/month Easy to maintain with a low expense ratio as the property is leased for a long term so no lease commissions, easy to self manage so no management fees needed, low expenses as rent is high but there is only one fridge, stove, W/D, etc to maintain, zero scaped property. The expense ratio is around 20% Amazing location in the UNO overlay in West Campus walking distance to UT. Ultra strong demand with groups looking to pre-lease 2-3 years in advance as houses like this are very rare and demand for them is oversized. Safe investment as the area is protected from economic fluctuations due to the UT and DT effects. Rent and price appreciation potential. Future re-development potential due to the UNO overlay.For more details: https://realtyww.info/homes_austin-d523187/for-sale_i71784642
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More About this Listing: Home For Sale In Austin, Texas
Home For Sale In Austin, Texas is a 9 Bedroom 4.5 Bath Single-Family Homes for Sale at 2511 San Gabriel St in Austin TX. Find other listings like Home For Sale In Austin, Texas and listings near 2511 San Gabriel St by searching Oodle Classifieds for 9 Bedroom 4.5 Bath Single-Family Homes for Sale in Austin TX.
Home For Sale In Austin, Texas is a 9 Bedroom 4.5 Bath Single-Family Homes for Sale at 2511 San Gabriel St in Austin TX. Find other listings like Home For Sale In Austin, Texas and listings near 2511 San Gabriel St by searching Oodle Classifieds for 9 Bedroom 4.5 Bath Single-Family Homes for Sale in Austin TX.