2511 San Gabriel St, Austin, TX 78705
- $1,995,000
- 9
- BD
- 4
- BA
- 3,142
- SqFt
- List Price
- $1,995,000
- Status
- ACTIVE
- Days on Market
- 79
- Price Change
- ▼ $200,000 1784073478
- MLS#
- 3242804
- Subtype
- Residential
- Year Built
- 1937
- Bedrooms
- 9
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,142
- Lot Size
- 6,926
- Acres
- 0.16
- Subdivision
- Wooten Goodall
- Neighborhood
- Wooten Goodall
- MLS Area Major
- Austin - Central
Property Description
Fully renovated 9-bed/4-bath trophy student rental two blocks from UT Austin, in the rare UNO high-rise overlay. Amazing investment opportunity. A 7%+ cap on actual rents in Class-A West Campus is structurally rare. This deal layers in forward leases, day-1 equity, and a redevelopment option for free. Signed pre-lease at $17.5K/mo through July 2028 - see the attached Offering Memorandum for the full details. 6–10 BD houses near UT are pre-leased years in advance. UNO zoning makes high-rises more profitable to build, so large houses are vanishing — not being added. Locked at $10K/mo through Jul '27. Pre-lease at $17,500/mo signed through Jul '28. Oct 2023 appraisal: $2,425,000 (sales-comparison + cost + income approaches all reconciled). Day-1 equity built into the basis. Taken to studs in 2023: HVAC, electrical, plumbing, roof, foundation, kitchen, baths. Permitted. C2 (no deferred maintenance). MF-4-NP inside UNO permits high-rise. The land alone is the long-tail option — eventual sale to a high-rise developer at premium dirt value.
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Additional Information
- Amenities
- Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
- Exterior Features
- Private Yard
- Appliances
- Disposal, Dryer, Oven, Range, Washer/Dryer
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Frame, Stucco
- Stories
- 1
- Levels
- One
- Roof
- Composition
- School District
- Austin ISD
- Elementary School
- Bryker Woods
- Middle School
- O Henry
- High School
- Austin
- View
- No View
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Listing courtesy of Resavvy LLC. Contact: (512) 762-8669
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