Home For Sale In Austin, Texas

house for sale

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Listed: 05/15/24

2511 San Gabriel Street, Austin, TX 78705, USA

9 Bed:

4 Bath:

3,142 Sq Ft Living Area:

Price

$ 2,2M

Sold

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About This House

$200K Price reduction! 6.3% to 7% cap rate with already executed leases. An opportunity to own a Trophy cashflow property in the best possible location in Austin, TX. The property is a few short blocks from the UT campus and less than a mile from DT. This amazing 2023 remodeled house features, new or updated HVAC, plumbing, electrical, appliances, etc. It's a rare, 1 story house in such high demand, that the property has been pre-leased until July 31st, 2025 for$13, 800per mo. and from Aug 2025 until July 31st, 2026 for$15, 000per mo. That is about a 7% cap rate based on the asking price. This is a Core investment opportunity, rarely ever to come up for sale. Selling … Full description

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