Description
Discover the San Gabriel House, a landmark property nestled in the vibrant West Campus of the University of Texas at Austin. Boasting over 5,000 square feet, this property features 8-10 bedrooms or offices, making it a prime investment with a proven track record of generating $171,000 in annual rental income. Over the last 25 years, this home has seen consistent increases in rent and has never experienced vacancy, promising continued growth in revenue. Recently renovated between 2021-2022, the property now includes modern upgrades such as new decks, balconies, HVAC systems, roof, and foundation. These enhancements not only elevate its appeal but also its functionality, making it suitable not just for student housing but also as a potential headquarters or satellite office for businesses or fraternal organizations. The three-story main house, originally built in 1935 with a charming plantation-style architecture, is now poised for cosmetic restoration, offering new owners the chance to personalize this piece of Austin's heritage. Seize the opportunity to own a historic property with significant income potential in one of Austin's most desirable neighborhoods. Don't miss your chance to invest in this legacy property where history meets opportunity in the heart of West Campus.
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9BEDS
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0.18ACRES
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4BATHS
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11/2 BATHS
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5,088SQFT
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$393$/SQFT
School Information
Description
Discover the San Gabriel House, a landmark property nestled in the vibrant West Campus of the University of Texas at Austin. Boasting over 5,000 square feet, this property features 8-10 bedrooms or offices, making it a prime investment with a proven track record of generating $171,000 in annual rental income. Over the last 25 years, this home has seen consistent increases in rent and has never experienced vacancy, promising continued growth in revenue. Recently renovated between 2021-2022, the property now includes modern upgrades such as new decks, balconies, HVAC systems, roof, and foundation. These enhancements not only elevate its appeal but also its functionality, making it suitable not just for student housing but also as a potential headquarters or satellite office for businesses or fraternal organizations. The three-story main house, originally built in 1935 with a charming plantation-style architecture, is now poised for cosmetic restoration, offering new owners the chance to personalize this piece of Austin's heritage. Seize the opportunity to own a historic property with significant income potential in one of Austin's most desirable neighborhoods. Don't miss your chance to invest in this legacy property where history meets opportunity in the heart of West Campus.
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