701 West 25th Street
701 West 25th Street
$3,500,000
—
4,396
4,396
$796
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
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
- Listed by Michael Said • TREC #0448758 • eXp Realty, LLC • (888) 519-7431
Property Details for 701 West 25th Street
Subdivision Name
Watson
Building NameThe Chimneys
WaterfrontNo
ViewNone
View YNNo
Parcel Number02140108080000
Tax Lot2
Master on MainNo
Location
LISTING UPDATED: 01/03/2024 04:07 AM
Property Details for 701 West 25th Street
Status | Active |
---|---|
MLS # | 3295243 |
Days on Market | 142 |
Taxes | $32,991 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1979 |
Lot Size | 0.13 AC / 5,702 SF |
County | Travis County |
Location
Building Information for 701 West 25th Street
Stories2Residences-Year Built1979Building Size-Lot Size0.13 AC / 5,702 SF
Payment Calculator
$21,850 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 701 West 25th Street
Property History for 701 West 25th 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 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.
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