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2511 San Gabriel ST Austin, TX 78705
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,142 sqft
Subdivision Wooten Goodall
MLS Listing ID 3242804
Sold Date -
Bedrooms 9
Full Baths 4
HOA Y/N No
Year Built 1937
Tax Year 2023
Lot Size 6,926 Sqft
Acres 0.159
Lot Dimensions 128x54
Property Sub-Type Single Family Residence
Source actris
Property Description
Fully renovated 9-bed/4-bath trophy student rental two blocks from UT Austin, in the rare UNO high-rise overlay. Amazing investment opportunity. A 7%+ cap on actual rents in Class-A West Campus is structurally rare. This deal layers in forward leases, day-1 equity, and a redevelopment option for free. Signed pre-lease at $17.5K/mo through July 2028 - see the attached Offering Memorandum for the full details. 6–10 BD houses near UT are pre-leased years in advance. UNO zoning makes high-rises more profitable to build, so large houses are vanishing — not being added. Locked at $10K/mo through Jul '27. Pre-lease at $17,500/mo signed through Jul '28. Oct 2023 appraisal: $2,425,000 (sales-comparison + cost + income approaches all reconciled). Day-1 equity built into the basis. Taken to studs in 2023: HVAC, electrical, plumbing, roof, foundation, kitchen, baths. Permitted. C2 (no deferred maintenance). MF-4-NP inside UNO permits high-rise. The land alone is the long-tail option — eventual sale to a high-rise developer at premium dirt value.
Location
State TX
County Travis
Area Ut
Rooms
Main Level Bedrooms 9
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Y
Appliance Disposal, Dryer, Oven, Range, Washer/Dryer
Exterior
Exterior Feature Private Yard
Fence Front Yard, Privacy
Pool None
Community Features None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description None
View None
Roof Type Composition
Accessibility None
Porch Covered
Total Parking Spaces 7
Private Pool No
Building
Lot Description Alley, Back Yard, Trees-Large (Over 40 Ft)
Faces Northeast
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame,Stucco
New Construction No
Schools
Elementary Schools Bryker Woods
Middle Schools O Henry
High Schools Austin
School District Austin Isd
Others
Restrictions None
Ownership Fee-Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Tax Rate 1.809247
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Resavvy LLC
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