2511 San Gabriel Street
2511 San Gabriel Street
$1,995,000
9
4
3,142
3,142
$635
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...$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.
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.
- Listed by Tony Lazarov • TREC #0459968 • Resavvy LLC • (512) 762-8669
- Listed by Noemy Sanchez • TREC #0749816 • Resavvy LLC
Property Details for 2511 San Gabriel Street
Subdivision Name
Wooten Goodall
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewNone
View YNNo
Parcel Number02140101120000
Tax Lotc
Location
LISTING UPDATED: 06/11/2024 10:02 AM
Property Details for 2511 San Gabriel Street
Status | Active |
---|---|
MLS # | 3669358 |
Days on Market | 70 |
Taxes | $19,206 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1937 |
Lot Size | 0.16 AC / 6,926 SF |
County | Travis County |
Location
Building Information for 2511 San Gabriel Street
Stories1Year Built1937Building Size-Lot Size0.16 AC / 6,926 SF
Payment Calculator
$12,488 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2511 San Gabriel Street
Property History for 2511 San Gabriel Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2511 San Gabriel Street
Taxable ValueLand$600,000Additions$461,567Total$1,061,567
Tax Record2022$18,229 ($1,519 / month)
Home Facts
Beds0Total Finished SqFt2,176 SqFtAbove Grade Finished SqFt2,176 SqFtStories1Lot Size6,913 SqFtStyleSingle Family ResidenceYear Built1937CountyTRAVISAPN0214010112Fireplace TypeHas Fireplace
Schools near 2511 San Gabriel 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.
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