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$2,800,000
Est. payment /mo
4,396 SqFt
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 $636
Subdivision Watson
MLS Listing ID 2020808
Year Built 1979
Annual Tax Amount $33,294
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 20% down. 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 $30,000 monthly as owner is doing short term rentals. Building consists of 6 one bedroom units renting for $3000 each monthly and 2 two bedroom units bringing in $6000 each monthly.
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. Blue prints and additional info can be provided.
The building is located in the University Neighborhood Overlay (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. Fraternity or Sorority house is also an option.
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. Blue prints and additional info can be provided.
The building is located in the University Neighborhood Overlay (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. Fraternity or Sorority house is also an option.
Location
State TX
County Travis
Zoning GO-NP University Neighb
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View None
Total Parking Spaces 8
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame,Stone
New Construction No
Others
Special Listing Condition Standard
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Listed by eXp Realty, LLC