2511 San Gabriel Street

Austin, TX 78705

$1,995,000
Price
9
Beds
4
Baths
3,142 Sq. Ft.
$635 / Sq. Ft.
3,142
Sq. Ft.
$635
per Sq. Ft.

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.
  1. Listed by Tony Lazarov • TREC #0459968 • Resavvy LLC • (512) 762-8669
  2. Listed by Noemy Sanchez • TREC #0749816 • Resavvy LLC

Property Details for 2511 San Gabriel Street

Subdivision Name
Wooten Goodall
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
None
View YN
No
Parcel Number
02140101120000
Tax Lot
c

Location

Listing Courtesy of Resavvy LLC, Tony Lazarov, TREC #0459968; Resavvy LLC, Noemy Sanchez, TREC #0749816
Add your commute
LISTING UPDATED: 06/11/2024 10:02 AM

Property Details for 2511 San Gabriel Street

StatusActive
MLS #3669358
Days on Market70
Taxes$19,206 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1937
Lot Size0.16 AC / 6,926 SF
CountyTravis County

Location

Listing Courtesy of Resavvy LLC, Tony Lazarov, TREC #0459968; Resavvy LLC, Noemy Sanchez, TREC #0749816
Add your commute

Building Information for 2511 San Gabriel Street

Stories1Year Built1937Building Size-Lot Size0.16 AC / 6,926 SF

Payment Calculator

$12,488 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,601

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2511 San Gabriel Street

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 7
  • Parking Features: Off Street
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Main Level Master, No Interior Steps, Open Floorplan, Quartz Counters, Walk-In Closet(s)
  • Flooring: Laminate
  • Appliances: Dryer, Dishwasher, Disposal, Oven, Range, Washer
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: Living Room
  • Laundry Features: Main Level, Laundry Room, Electric Dryer Hookup, Gas Dryer Hookup
  • Restrictions: No Restrictions
Exterior
  • Exterior Features: None
  • New Construction: No
  • Construction Materials: Frame, Stucco
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Covered
  • Roof: Composition
  • Fencing: Front Yard, Privacy
  • Direction Faces: Northeast
  • Window Features: Wood Frames
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Alley, Back Yard, Trees Large Size
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Room Information
Room 1
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s)
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Ceiling Fan(s), Quartz Counters
Room 3
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s), En Suite Bathroom
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $1,061,567
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Security Features: None
  • Directions: east of Lamar, west of Guadalupe north of 24th street

Property History for 2511 San Gabriel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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2511 San Gabriel Street is a single family home for sale in Austin, TX 78705. This property was listed for sale on January 18, 2024 by Resavvy LLC, it's currently listed at $1,995,000. It has been on the market for a total of 70 days and was last sold on December 9, 2013. This listing's school district is Austin Independent School District. Nearby schools include Bryker Woods Elementary School, Rosedale and Austin High School. 2511 San Gabriel Street is a 9-bed, 4-bath, 3,142 sqft single family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Resavvy LLC, Tony Lazarov, TREC #0459968; Resavvy LLC, Noemy Sanchez, TREC #0749816

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.