701 W 25th ST, Austin, TX 78705 - MLS#2020808

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Spencer Wheelwright

[email protected] +1(512) 944-8553

$2,999,995

Est. payment - /mo

4,396 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,396 sqft

Price per Sqft $682

Subdivision Watson

MLS Listing ID 2020808

Year Built 1979

Annual Tax Amount $33,294

Tax Year 2024

Lot Size 5,702 Sqft

Acres 0.1309

Property Sub-Type Multi Family

Source actris

Property Description

Unbeatable cash flowing building with seller finance available at unbeatable interest rates****** Seller can offer owner finance at 4.25%, interest only payment with 25% down. Rate locked in for 3 years then increases 2% a year until it reaches 10 percent on the sixth year*** Current total gross rents is $30,000 monthly as owner is doing short term rentals. Building consists of 6 one bedroom units renting for $3000 each monthly and 2 two bedroom units bringing in $6000 each monthly.

Most units have existing potential to be updated from the current set up of 8 units/10 bedrooms to become 18 single efficiency units which can increase the rents drastically. Blue prints and additional info can be provided.

The building is located in the University Neighborhood Overlay (UNO) , allowing a tear down and a rebuild at much higher limits and redevelopment to increase the cap rate. Building is located at Corner of 25th St and Rio Grande St which is one of two streets that allows for commercial storefront on ground level. Fraternity or Sorority house is also an option.

Location

State TX

County Travis

Zoning GO-NP University Neighb

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

View None

Total Parking Spaces 8

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Frame,Stone

New Construction No

Others

Special Listing Condition Standard

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Listed by eXp Realty, LLC

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Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

701 W 25th ST Austin, TX 78705

Spencer Wheelwright

Key Details

Location

Interior

Exterior

Building

Others

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