TX > Austin > Watson
Austin, TX 78705,701 W 25th ST
Austin, TX 78705,701 W 25th ST
Austin, TX 78705,701 W 25th ST
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$3,299,900
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4,396 SqFt
Active

701 W 25th ST Austin, TX 78705

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White Line Realty

White Line Realty

+1(210) 951-3478

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,396 sqft

Price per Sqft $750

Subdivision Watson

MLS Listing ID 2020808

Year Built 1979

Annual Tax Amount $32,990

Tax Year 2024

Lot Size 5,702 Sqft

Acres 0.1309

Property Sub-Type Multi Family

Source actris

Property 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.

Location

State TX

County Travis

Zoning GO-NP University Neighbo

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace N

Exterior

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

View None

Accessibility None

Total Parking Spaces 8

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Frame,Stone

New Construction No

Others

Restrictions City Restrictions

Acceptable Financing Cash, Conventional, Sell Workout

Tax Rate 1.97

Listing Terms Cash, Conventional, Sell Workout

Special Listing Condition Standard

Listed by eXp Realty, LLC • Michael Said

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agent

White Line Realty

Broker | License ID: 2587

+1(210) 951-3478

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