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Property listed by Realty Pros of Austin 512-401-3330 {attribution_contact}
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.
Property Details and Features
Bathrooms
- 1 half bathroom
- 4 full bathrooms
- 5 total bathrooms
Bedrooms
- 9 total bedrooms
- 2 bedrooms on main level
Building
- Built in 1935
- 5,088 sqft living area
- Frame
Exterior Features
- Balcony
- Private Yard
- Uncovered Courtyard
Fence
- Back Yard
- Partial
Fireplaces
- 1 fireplace
- Dining Room
Floors
- Wood
Foundation
- Pillar/Post/Pier
Heating
- Central
Interior Features
- Ceiling Fan(s)
- Kitchen Island
- Main Level Primary
Laundry
- In Kitchen
Listing
- Property Subtype: Single Family Residence
- Listed on 2024-02-09
Location
- County: Travis
- Subdivision: Carrington
Lot
- 0.1837 acres
- Area: 0.1837
- Back Yard
- City Lot
Parking
- Alley Access
Possession
- Closing & Funding
Property
- City
- Neighborhood
Roof
- Asphalt
Schools
- Elementary School: Bryker Woods
- Elementary School District: Austin ISD
- Middle School: O Henry
- Middle School District: Austin ISD
- High School: Austin
- High School District: Austin ISD
Sewer
- Public Sewer
Taxes
- Annual Amount: $25,558
- Year: 2023
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected