701 West 25th Street

Austin, TX 78705

$3,500,000
Price
Beds
4,396 Sq. Ft.
$796 / Sq. Ft.
4,396
Sq. Ft.
$796
per Sq. Ft.

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 yielding a monthly payment of only $9296. 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 $17,600,,, property taxes $2488.... Monthly insurance $1069,net income monthly $4746, tenants pay utilities... All tenants have a one year lease that end in July...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 yielding a monthly payment of only $9296. 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 $17,600,,, property taxes $2488.... Monthly insurance $1069,net income monthly $4746, tenants pay utilities... All tenants have a one year lease that end in July 2025 and are interested in renewing for 3 years which can be executed prior or after the completion of the sale -------------------------------------------------
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 to potentially up to 24000. Blue prints and additional info can be provided-----------------------------
The building is located in the University Neighborhood Outlay (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. Blue prints and additional info can be provided
  1. Listed by Michael Said • TREC #0448758 • eXp Realty, LLC • (888) 519-7431

Property Details for 701 West 25th Street

Subdivision Name
Watson
Building Name
The Chimneys
Waterfront
No
View
None
View YN
No
Parcel Number
02140108080000
Tax Lot
2
Master on Main
No

Location

Listing Courtesy of eXp Realty, LLC, Michael Said, TREC #0448758
Add your commute
LISTING UPDATED: 01/03/2024 04:07 AM

Property Details for 701 West 25th Street

StatusActive
MLS #3295243
Days on Market142
Taxes$32,991 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1979
Lot Size0.13 AC / 5,702 SF
CountyTravis County

Location

Listing Courtesy of eXp Realty, LLC, Michael Said, TREC #0448758
Add your commute

Building Information for 701 West 25th Street

Stories2Residences-Year Built1979Building Size-Lot Size0.13 AC / 5,702 SF

Payment Calculator

$21,850 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$2,749

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 West 25th Street

General Information
Parking
  • Parking Total: 8
  • Parking Features: Asphalt
Interior
  • Stories Total: 2
  • Flooring: Carpet, Tile, Vinyl
  • Other Equipment: Negotiable
  • Laundry Features: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
  • Restrictions: No Restrictions
Exterior
  • New Construction: No
  • Construction Materials: Frame, Stone
  • Foundation Details: Slab
  • Accessibility Features: None
Property Information
Lot Information
  • Lot Size Source: Assessor
  • Road Surface Type: Asphalt
  • Zoning: GO-NP University Neighbo
  • Current Use: Residential
  • Horse: No
Location Information
  • Leasable Area: 4396.0
  • Building Features: Appliances, No Loading
  • Number Of Buildings: 1
  • Building Area Total: 4,396.00
  • Building Area Source: Public Records
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Financial Information
Taxes and HOA Information
  • Tax Assessed Value: $1,670,480
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: None
  • Directions: 24th St. to Rio Grande. North one block. Property is on your left.

Property History for 701 West 25th 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 701 West 25th Street

Taxable ValueLand$855,150Additions$815,330Total$1,670,480
Tax Record2022$22,138 ($1,845 / month)
Home Facts
Total Finished SqFt4,396 SqFtAbove Grade Finished SqFt4,396 SqFtStories2Lot Size5,702 SqFtStyleMulti-Family Res (5+ Units)Year Built1979CountyTRAVISAPN0214010808Fireplace TypeHas Fireplace

Schools near 701 West 25th 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.

Similar Homes

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701 West 25th Street is a multi-family home for sale in Austin, TX 78705. This property was listed for sale on January 3, 2024 by eXp Realty, LLC, it's currently listed at $3,500,000. This listing's school district is Austin Independent School District. Nearby schools include Bryker Woods Elementary School, Rosedale and Austin High School. 701 West 25th Street is a 0-bed, 0-bath, 4,396 sqft multi-family home built in 1979.

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 eXp Realty, LLC, Michael Said, TREC #0448758

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.