2511 San Gabriel St Austin, TX 78705
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Turnkey, high-cashflow student housing.
Property size:
3,124 SFProperty Features for 2511 San Gabriel St
General Information
- Property type
- Multifamily properties
- Square Feet
- 3,124 SF
- Class
- A
Building Details
- Year Built/Renovated
- 1937/2023
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: REspace LLC Listing Agent: Tony Lazarov
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional, fully renovated single-family home (3,124 sq ft) in Austin's coveted West Campus neighborhood presents a rare investment opportunity. Located just blocks from the University of Texas campus and less than a mile from downtown, this property boasts a prime location with exceptionally high demand. Completely remodeled in 2023, the property features updated HVAC, plumbing, electrical systems, and appliances. The 9-bedroom, 1-story home is currently 100% occupied, with pre-leased agreements in place through July 31st, 2026, generating a substantial monthly income of $13,800 (increasing to $15,000 in August 2025 and projected to reach $16,000 in August 2026). The property sits on a 6,912 sq ft lot and includes 4 parking spaces. With a current NOI of $136,500 and a pro-forma NOI of $154,000, this investment offers a compelling 6.22% cap rate (7.02% pro-forma). The property is zoned MF-4-NP, presenting significant redevelopment potential within the UNO overlay district. This turnkey investment offers strong cash flow, low expenses (approximately 20% expense ratio), and significant potential for both rental income growth and future appreciation. The long-term leases minimize management needs and commissions, further enhancing the property's profitability. This is a truly exceptional opportunity to acquire a high-performing asset in a rapidly appreciating market. Asking price: $2,195,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.747606065912
- Latitude
- 30.290456066492
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FAQs
What type of property is this?
Multifamily property - Turnkey, high-cashflow student housing.
Where is this multifamily property located?
The property is located at 2511 San Gabriel St Austin, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: $200,000 price reduction; 6.22% cap rate (7.02% pro-forma).; Exceptional, fully renovated 3,124 sq ft single-family home in Austin's West Campus, blocks from UT and under a mile from downtown.; 2023 remodel includes updated HVAC, plumbing, electrical, and appliances.
