701 W 25th ST, Austin TX 78705

$ 3,500,000
701 W 25th ST, Austin TX 78705, ,

Overview

  • Property ID
  • 275770
  • 0 ac

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 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 24,000. 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.

Other Features
Electrical Utility Available
Property Id : 275770
Price: $ 3,500,000
Property Lot Size: 0 ac
Syndication Remarks: 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 24,000. 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.
Parking Features: Asphalt
Lot Size(acres): 0.1309
Lot Size(sf): 5702
Est. Taxes: 29856
FEMA Flood Plain: No
Property Match: APN
$/Building Area: 796.18
Vacancy Amount: 0
Accessibility Features: None
Building Area Total (sf): 4396
Building Features: Appliances,Electric Dryer Connections,Washer Dryer Connections
Construction Materials: Frame,Stone
Cooling: Central Air
Current Use: Residential
Directions: 24th St. to Rio Grande. North one block. Property is on your left.
Flooring: Carpet,Tile,Vinyl
Foundation Details: Slab
Heating: Central
Listing ID: 3295243
Acceptable Financing: Assumable,Cash,Conventional,Owner May Carry,See Remarks
MLS Area: UT
Status: Active
#Buildings: 1
Other Structures: None
Parcel#: 02140108080000
Possession: Close Of Escrow,Funding
Property Condition: See Remarks
Road Surface Type: Asphalt
Sewer: Public Sewer
Special Listing Conditions: Standard
Stories Total: 2
Tax Annual($): 32990.69
Utilities: Cable Available,Electricity Connected,Sewer Connected,Water Connected
View: None
Water Source: Public
Year Built: 1979
$ 23,968.74
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 17,697.90
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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Gerald Bodle, MBA