701 W 25TH STREET, AUSTIN, TX 78705
Homes for sale in Austin.
Homes for sale in 78705.
701 W 25th Street
Austin, TX 78705
List Price$2,500,000
Listing #2020808
4,396
Square Feet
Commercial
Type
About This Property
Unbeatable cash flowing building with seller finance available at unbeatable interest rates****** Seller can offer owner finance at 4.25%, interest only payment with 20% down. 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 $30,000 monthly as owner is doing short term rentals. Building consists of 6 one bedroom units renting for $3000 each monthly and 2 two bedroom units bringing in $6000 each monthly. 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. Blue prints and additional info can be provided. The building is located in the University Neighborhood Overlay (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. Fraternity or Sorority house is also an option.
Property Features
Location Information
County
Travis
Subdivision
Watson
County
Travis
Directions
24th St. to Rio Grande. North one block. Property is on your left.
Area
UT
Interior Features
Heating
Central
Disabled Features
None
Floors
Carpet, Tile, Vinyl
Accessibility
None
Laundry
Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Exterior Features
Style
Frame, Stone
Lot Size in Acres
0.131
Is New Construction
No
Zoning
GO-NP University Neighbo
Construction/Exterior
Frame, Stone
Buildings
1
Foundation
Slab
Road Description
Asphalt
Possession
Closing & Funding, Close Of Escrow
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
Asphalt
Additional Information
Other Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
APN
02140108080000
Property Type
COM
Status
Active
Property SubType
Multi Family
Documents Available
Survey
Year Built
1979
Similar Listings
Mortgage Calculator
$11,674
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$9,008
Monthly Tax
$2,083
Monthly Insurance
$583
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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