Seller Financing available -- One of the most prime if not the most prime locations in West Campus, Austin, Texas located on 25th St and Rio Grande in the University area of West Campus which is right by the University Of Texas. UT is one of the biggest universities nationwide, which is constantly growing. This area has hardly ever any vacancies due to the constant growth of the university and is perfect for those looking for constant income stream and consistent cashflow. This is located in University Neighborhood Outlay (UNO) which allows for much more significant heights to be developed at this same location thus there is huge opportunity to develop this and increase the cap rate. Parking requirements are also removed and set back requirements are also removed allowing for more maximizing of the land space to building something bigger and higher and newer. Perfect buy for those looking for consistent source of income or someone looking to tear down and redevelop. Ideal location for a fraternity/ sorority house. Commercial zoning on Rio Grande allows for even more possibilities. 145 ft maximum height restriction. The Chimneys was originally built in 1979 by Dr. Robert Snider. It consists of six 1 bed/ 1 bath units and two 2 bedroom/ 2 bath units. All units were recently renovated. Dell Medical School, LBJ Library, St. Davids Hospital, UT fields and football stadium are an easy walk from here. Guadalupe, "The Drag" is just 2 blocks away which has a multitude of restaurants, shopping, hotels, grocery, live music, entertainment, and just about anything else you need.
Price
$3,800,000
Watson
Travis
4,396 (approx)
3295243
Active
Description
Seller Financing available -- One of the most prime if not the most prime locations in West Campus, Austin, Texas located on 25th St and Rio Grande in the University area of West Campus which is right by the University Of Texas. UT is one of the biggest universities nationwide, which is constantly growing. This area has hardly ever any vacancies due to the constant growth of the university and is perfect for those looking for constant income stream and consistent cashflow. This is located in University Neighborhood Outlay (UNO) which allows for much more significant heights to be developed at this same location thus there is huge opportunity to develop this and increase the cap rate. Parking requirements are also removed and set back requirements are also removed allowing for more maximizing of the land space to building something bigger and higher and newer. Perfect buy for those looking for consistent source of income or someone looking to tear down and redevelop. Ideal location for a fraternity/ sorority house. Commercial zoning on Rio Grande allows for even more possibilities. 145 ft maximum height restriction. The Chimneys was originally built in 1979 by Dr. Robert Snider. It consists of six 1 bed/ 1 bath units and two 2 bedroom/ 2 bath units. All units were recently renovated. Dell Medical School, LBJ Library, St. Davids Hospital, UT fields and football stadium are an easy walk from here. Guadalupe, "The Drag" is just 2 blocks away which has a multitude of restaurants, shopping, hotels, grocery, live music, entertainment, and just about anything else you need.
Listing Information
Property Type: Multi-Family, Business Opportunities, 2 Story
0.13 Acres
4,396 (approx)
1979
2
Frame,Stone
Watson
Slab
Public
Public Sewer
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Residential
Neighborhood
Room Information
Interior Features
Tile, Vinyl, Carpet
Central Air
Other,Central
Exterior / Lot Features
8 Parking Spaces,Asphalt
Stone, Frame
GO-NP
University Neighborhood Overlay- Outer West
Driving Directions
24th St. to Rio Grande. North one block. Property is on your left.
Financial Considerations
02140108080000
$32,991
Assumable, Cash, Conventional, Owner May Carry
Listing Price History
Austin Real Estate
Austin is located in Texas.
Austin, Texas 78705 has a population of 986,248.
The median household income in Austin, Texas 78705 is
$50,776.
The median household income for the surrounding county is $83,177
compared to the national median of $66,222.
The median age of people living in Austin 78705 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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City
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Sold Price
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No information is available for recently sold properties within this search.