Home For Sale In Austin, Texas

house for sale

8 views

Listed: 03/02/24

1908 San Gabriel St, Austin, Texas, 78705

9 Bed:

4.5 Bath:

5,088 Sq Ft Living Area:

Price

$ 2,14M

Sold

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About This House

Introducing the San Gabriel House, a distinctive legacy property in West Campus, University of Texas, Austin. With over 5000 sq. ft. of living space and 8-10 bedrooms/offices, it offers unrivaled rental revenues, soon exceeding $200k annually. The rents for this property have never failed to increase in 25 years. Also, the property has never been vacant in 25 years. The revenues are thus projected to increase with no foreseeable ceiling. There have been extensive renovations in2021-22,including new decks, balconies, HVAC,roof, and foundation. Beyond student rentals, it presents diverse potential as a headquarters or satellite office for a business or fraternal organization, thanks to the recent renovations and unique features. This structural overhaul has created the option of a cosmetic restoration. … Full description

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