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701 W 25th ST
Austin TX 78705 US

$3,500,000

Active Listing ID 3295243
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Lot: 0.13 Acres
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Multi Family

$3,500,000

Active Listing ID 3295243
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701 W 25th ST 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.

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Multi Family
  • Features
  • Floor Covering: Carpet, Tile, Vinyl
  • Heating Fuels: Central Furnace

Property

  • propertytype: Commercial Sale
  • propertysubtype: Multi Family
  • listprice: 3500000
  • unparsedaddress: 701 W 25th ST
  • postalcity: Austin
  • stateorprovince: TX
  • country: US
  • postalcode: 78705
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1309
  • lotsizeunits: Acres
  • lotsizearea: 0.1309
  • livingarea: 4396
  • livingareaunits: Square Feet
  • latitude: 30.28916
  • longitude: -97.74484
  • listagentfullname: Michael Said
  • listagentemail: M.Said@saidpg.com
  • listagentkey: 3yd-ABORTX-448758
  • listagentmlsid: 448758
  • listagentpreferredphone: 5127896543
  • listagentofficephone: 8885197431
  • listofficekey: 3yd-ABORTX-702963
  • listofficemlsid: 702963
  • disclaimer: Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ABORTX
  • yearbuilt: 1979
  • listingcontractdate: 2024-01-03
  • listagenturl: https://www.exprealty.com
  • countyorparish: Travis
  • parcelnumber: 02140108080000
  • constructionmaterials: Frame, Stone
  • flooring: Carpet, Tile, Vinyl
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 8
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -97.74484, 30.28916
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"M.Said@saidpg.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":"tx.membership@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ABORTX/53b5d9412bbd11e8b0360242ac11000a/20241017162939271.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(888) 519-7431", "ListBrokeragePostalCode":"78759", "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":"Suite 150W", "ListBrokerageUnparsedAddress":"9600 Great Hills Trail", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"9600 GREAT HILLS TRL", "ListOfficeAddress2":"STE 150W", "ListOfficeBrokerMlsId":"5081110", "ListOfficeCity":"AUSTIN", "ListOfficeCountry":"US", "ListOfficeEmail":"tx.membership@exprealty.com", "ListOfficePostalCode":"78759", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Austin, TX", "ListingURL":"https://listings.listhub.net/pages/ABORTX/3295243/?channel=rexren", "MLSModificationTimestamp":"2024-09-23T10:48:09Z", "Neighborhoods":[{"Description":null, "Name":"UT"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":32990.69, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/22/2024 4:32:12 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Michael Said, eXp Realty, LLC, M.Said@saidpg.com

Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.