2802 Whitis Avenue
$1,600,000
—
2,590
2,590
$618
Closed 12/12/24
Description
Welcome to The Esquire, a rare opportunity to own a small apartment complex in the North Campus area near the University of Texas! The property consists of 10, efficiency units that are 100% occupied at $800/month each. The units are neat and clean and they all feature vinyl floors, a well-appointed kitchen with a range & refrigerator plus a full bathroom with a tub/shower combo. Superb location that is within walking distance to the University of Texas which is one of the largest public universities...Welcome to The Esquire, a rare opportunity to own a small apartment complex in the North Campus area near the University of Texas! The property consists of 10, efficiency units that are 100% occupied at $800/month each. The units are neat and clean and they all feature vinyl floors, a well-appointed kitchen with a range & refrigerator plus a full bathroom with a tub/shower combo. Superb location that is within walking distance to the University of Texas which is one of the largest public universities in the nation, restaurants & coffee shops, music venues, vintage stores and more. The Hemphill park is around the corner offering a nice, quiet place to walk and relax. Due to the location, there is built-in demand so the units rent quickly at the current price and stay rented year-over year. The current Owners chose to keep rents steady but rents in the area are typically higher so there is a potential to increase rates immediately or you could do some modest improvements and increase your income. The North Campus, central area is witnessing an amazing amount of development and growth so future development options are possible which helps add to the value of the land. There are 10 electrical meters and 6 parking spots (this has not impacted rentability given the walkability, available rideshare options and scooters). Per the Owner, the structure was originally designed and framed for a second story so that is something that could be looked into if someone is interested in adding more rentable units. No matter what your investment goals are, this property offers the possibility to meet them! Whether you're looking for a passive income stream, the possibility of a "value add" rental property or a "buy and hold" strategy focusing on longer term appreciation, this flexible property has the potential to meet all 3.
- Listed by Sonya Cunningham • TREC #0509384 • Kuper Sotheby's Int'l Realty • (512) 633-4619
Property Details for 2802 Whitis Avenue
Subdivision Name
Whitis
Building NameEsquire
WaterfrontNo
ViewNeighborhood, Trees/Woods
View YNYes
Parcel Number02150301060000
Tax Lot10
Tax Block13
LISTING UPDATED: 12/13/2024 03:28 PM
Property Details for 2802 Whitis Avenue
Status | Closed |
---|---|
MLS # | 5251498 |
Days on Market | 76 |
Taxes | $14,058 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1956 |
Lot Size | 0.12 AC / 5,174 SF |
County | Travis County |
Building Information for 2802 Whitis Avenue
Stories1Residences-Year Built1956Lot Size0.12 AC / 5,174 SF
Property Information for 2802 Whitis Avenue
Property History for 2802 Whitis Avenue
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 2802 Whitis Avenue
Taxable ValueLand$776,250Additions$750Total$777,000
Tax Record2023$15,139 ($1,262 / month)
Home Facts
Total Finished SqFt2,590 SqFtAbove Grade Finished SqFt2,590 SqFtStories1Lot Size5,175 SqFtStyleMulti-Family Res (5+ Units)Year Built1956Year Renovated1970CountyTRAVISAPN0215030106
Schools near 2802 Whitis Avenue
This home is within Austin Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Lee Elementary School PublicK to 6 | ||
Kealing Middle School Public6 to 8 | ||
Mccallum High School Public9 to 12 | ||
Leadership Academy Public7 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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