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.
Listing courtesy of Realty Pros of Austin. Contact: (512) 401-3330
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