2511 San Gabriel ST

Austin, TX 78705 View Map $2,195,000 Schedule a Tour
Beds9
Baths4
Sq.Ft.3,142
Year1937

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Status: Active
Property Type:House
MLS #:3669358
Sq. Feet:3,142
On Site:6 Days
Lot Size:0.16 Acres
County:Travis
$200K Price reduction! 6.3% to 7% cap rate with already executed leases. An opportunity to own a Trophy cashflow property in the best possible location in Austin, TX. The property is a few short blocks from the UT campus and less than a mile from DT. This amazing 2023 remodeled house features, new or updated HVAC, plumbing, electrical, appliances, etc. It's a rare, 1 story house in such high demand, that the property has been pre-leased until July 31st, 2025 for $13,800 per mo. and from Aug 2025 until July 31st, 2026 for $15,000 per mo. That is about a 7% cap rate based on the asking price. This is a Core investment opportunity, rarely ever to come up for sale. Selling at a very high cap rate, and low expenses. This opportunity is turn-key with strong rental and price appreciation potential. It is located in the coveted UNO overlay so it also offers an amazing redevelopment future potential.
Investment highlights:
Core Investment * Strong cap rate and cash flow - ALready rented at $13,800/month until July 31st 2025 and Pre-leased from Aug 2025 until July 31st, 2026 for $15,000 per month. The expected rent for Aug 2026 - Aug 2027 term is $16,000/month

Easy to maintain with a low expense ratio as the property is leased for a long term so no lease commissions, easy to self manage so no management fees needed, low expenses as rent is high but there is only one fridge, stove, W/D, etc to maintain, zero scaped property. The expense ratio is around 20%

Amazing location in the UNO overlay in West Campus walking distance to UT.

Ultra strong demand with groups looking to pre-lease 2-3 years in advance as houses like this are very rare and demand for them is oversized.

Safe investment as the area is protected from economic fluctuations due to the UT and DT effects.

Rent and price appreciation potential.

Future re-development potential due to the UNO overlay.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps


ABOUT 2511 San Gabriel ST, Austin, TX 78705 - MLS 3669358

In Travis County, this property is located at 2511 San Gabriel ST in the Wooten Goodall neighborhood of Austin, with a current listing price of $2,195,000. This 3142 square foot house for sale has 9 bedrooms, 4 baths, and is situated on 0.16 acres of land.

For more information about 2511 San Gabriel ST, see more details below as entered by the listing brokerage, including property taxes, year built, assigned schools, type of construction, exterior and interior features, locations, views, and any neighborhood amenities in Wooten Goodall.

Call The RealFX Group to get into your Austin area dream home today! Our local agents are experts in the Austin real estate market and are committed to providing outstanding service. To tour MLS #3669358 today, connect with an agent at (512) 956-7390.


Community Information

Address:2511 San Gabriel ST, Austin, TX 78705
County:Travis
City:Austin
Subdivision:Wooten Goodall
Zip Code:78705

School Information

School:Austin ISD
High School:Austin
Middle School:O Henry
Elementary School:Bryker Woods

Architecture

Bedrooms: 9
Bathrooms: 4
Year Built:1937
Stories:1
Roof: Composition
Foundation: Pillar/Post/Pier
Attached Garage Yes/No: No
Parking Features: Off Street

Features / Amenities

Interior Features: Breakfast Bar, Ceiling Fan(s), Quartz Counters, Electric Dryer Hookup, Gas Dryer Hookup, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Washer/Dryer
Fireplace Features: Living Room
Flooring: Laminate
Patio And Porch: Covered
Direction Faces: NE
Window: Wood Frames
Cooling: Central Air
Heating: Central

Rooms

Level
Primary BedroomMain
KitchenMain
Primary BathroomMain

Property Features

Lot Size: 0.16 Acres
Lot Dimensions:128x54
Lot Features: Alley Access, Back Yard, Trees-Large (Over 40 Ft)
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Fencing: Front Yard, Privacy
Directions:east of Lamar, west of Guadalupe north of 24th street

Tax and Financial Info

Terms: Cash, Conventional, 1031 Exchange
Buyer Agency Compensation: 3.000%
Sub Agency Compensation Type: 3.000%
Possession: Funding

Schools

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2511 San Gabriel ST Austin,  TX 78705
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2511 San Gabriel ST Austin, TX 78705
 
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Listing provided courtesy of Resavvy LLC (512-762-8669).
The 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.

Listings courtesy of ACTRIS MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of May 18, 2024 12:45 AM CST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.