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Introducing the San Gabriel House, a distinctive legacy property in West Campus, University of Texas, Austin. With over 5000 sq. ft. of living space and 8-10 bedrooms/offices, it offers unrivaled rental revenues, soon exceeding $200k annually. The rents for this property have never failed to increase in 25 years. Also, the property has never been vacant in 25 years. The revenues are thus projected to increase with no foreseeable ceiling. There have been extensive renovations in 2021-22, including new decks, balconies, HVAC, roof, and foundation. Beyond student rentals, it presents diverse potential as a headquarters or satellite office for a business or fraternal organization, thanks to the recent renovations and unique features. This structural overhaul has created the option of a cosmetic restoration. The three-story 1935 plantation-style main house can be considered to be primed for beautification, both inside and out. The owner's personal circumstance requires that he sell the property. Thus, this piece of Austin's heritage is now available for purchase.
LAST UPDATED | 3/28/2024 | TRACT | Carrington |
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YEAR BUILT | 1935 | COMMUNITY | Carrington |
COUNTY | Travis | STATUS | Active |
PROPERTY TYPE(S) | Single Family |
Elementary School | Bryker Woods |
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Jr. High School | O Henry |
High School | Austin |
PRICE HISTORY | |
Prior to Mar 28, '24 | $2,140,000 |
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Mar 28, '24 - Today | $2,075,000 |
ADDITIONAL DETAILS | |
AIR | Ceiling Fan(s), Central Air |
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AIR CONDITIONING | Yes |
AREA | UT |
BUYER'S BROKERAGE COMPENSATION | 3.000 |
CONSTRUCTION | Frame |
EXTERIOR | Balcony, Private Yard, Uncovered Courtyard |
FIREPLACE | Yes |
HEAT | Central |
INTERIOR | Ceiling Fan(s), Kitchen Island |
LOT | 8002 sq ft |
LOT DESCRIPTION | Back Yard, City Lot |
PARKING | Alley Access |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 3+ |
STYLE | 1st Floor Entry, Multi-level Floor Plan |
SUBDIVISION | Carrington |
TAXES | 25558.39 |
UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
VIEW | Yes |
VIEW DESCRIPTION | City, Downtown, Neighborhood, See Remarks |
WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Steven Johnson, Realty Pros of Austin
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 5/18/24 2:51 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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.
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.
This IDX solution is (c) Diverse Solutions 2024.