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1908 San Gabriel ST,  Austin TX, 78705

(Active)
$2,075,000
|
9 beds, 4 Full/1 Half baths, 5,088 sqft
|
MLS# 3171664
Last Updated: 5/15/2024 11:40 AM
Description for 1908 San Gabriel ST Austin, TX 78705
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.
Price
$2,075,000
Carrington
Travis
9
4 Full/1 Half
5,088 (approx)
3171664
Active
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.
Listing Information
Property Type: Single Family, 3+ Story
9 4 Full/1 Half
0.18 Acres 5,088 (approx) 1935
Frame
Carrington
Pillar/Post/Pier
Public
Public Sewer
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
School Information
Bryker Woods O Henry Austin
Room Information
Bathrooms
4 1
Ceiling Fan(s)
Interior Features
Wood
Central Air, Ceiling Fan(s)
Other, Central
Wood Frames
1, Dining Room
Ceiling Fan(s), Kitchen Island
Exterior / Lot Features
4 Parking Spaces, Alley Access
Frame
Deck, Front Porch, Patio, Porch, Rear Porch, Side Porch
Asphalt
None
City, Other
Balcony, Uncovered Courtyard, Private Yard, Back Yard, City Lot
Driving Directions
FROM 24th go south on San Gabriel, House is on the right after you pass 22nd street.
Financial Considerations
01130013120000
$25,558
Cash, Conventional
Listing Price History

Austin Real Estate

Austin is located in Texas. Austin, Texas 78705 has a population of 986,248.

The median household income in Austin, Texas 78705 is $50,776. The median household income for the surrounding county is $83,177 compared to the national median of $66,222. The median age of people living in Austin 78705 is 36 years.

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Courtesy: Realty Pros of Austin, (512) 401-3330
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS
This content last refreshed on 5/15/2024 11:40 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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