1908 San Gabriel St, Austin, TX 78705

$2,140,000
9
BD
5
BA
5,088
SqFt
List Price
$2,140,000
Status
ACTIVE
MLS#
3171664
Days on Market
13
Bedrooms
9
Bathrooms
5
Living Area
5,088
Lot Size
8,001
Area
Austin - Central

Property Description

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.

Additional Information

Taxes
$25,558
Tax Year
2023
Year Built
1935
Parking Spaces
4
Exterior Features
Balcony, Uncovered Courtyard, Private Yard
Interior Features
Ceiling Fan(s), Kitchen Island, Primary Bedroom on Main
Roof
Asphalt
Appliances
See Remarks
Construction
Frame
Num Fireplaces
1
Region
Austin - Central
View
City
School District
Austin ISD
Elementary School
Bryker Woods
High School
Austin
Middle School
O Henry
Sewer
Public Sewer
Street Name
San Gabriel St
Street Number
1908
Neighborhood
Carrington
Water
Public
Guest Accommodations
Guest House
Acres
0.18
County
Travis
Floor
Wood
Heating
Central
Lot Description
Back Yard, City Lot

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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

Brought to you by the Austin Board of REALTORS® All visitors are subject to ABoR Terms and Conditions of Use.