701 W 25th Street
- $3,500,000 REDUCED
- 0.13 Acres Commercial Sale Austin, TX 78705
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.
Essential Information
- MLS® #3295243
- Price$3,500,000
- Bathrooms0.00
- Acres0.13
- Year Built1979
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address701 W 25th Street
- SubdivisionWatson
- CityAustin
- CountyTravis
- StateTX
- Zip Code78705
Amenities
- ParkingAsphalt
- ViewNone
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Interior
- InteriorCarpet, Tile, Vinyl
- HeatingCentral
- CoolingCentral Air
Exterior
- ConstructionFrame, Stone
- FoundationSlab
Additional Information
- ZoningGO-NP University Neighbo
Map & Directions
View in Google MapsPrice Change History for 701 W 25th Street, Austin, TX (MLS® #3295243)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $3,800,000) | $3,500,000 | $300,000 (7.89%) |
Property Listed by: Exp Realty, Llc
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from July 26th, 2024 at 9:08pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.