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701 W 25th St, Austin, TX 78705
$3,800,000
701 W 25th St, Austin, TX 78705View this property at 701 W 25th St, Austin, TX 78705
701 W 25th StAustinTX78705
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Property Description
Seller Financing available -- One of the most prime if not the most prime locations in West Campus, Austin, Texas located on 25th St and Rio Grande in the University area of West Campus which is right by the University Of Texas. UT is one of the biggest universities nationwide, which is constantly growing. This area has hardly ever any vacancies due to the constant growth of the university and is perfect for those looking for constant income stream and consistent cashflow. This is located in University Neighborhood Outlay (UNO) which allows for much more significant heights to be developed at this same location thus there is huge opportunity to develop this and increase the cap rate. Parking requirements are also removed and set back requirements are also removed allowing for more maximizing of the land space to building something bigger and higher and newer. Perfect buy for those looking for consistent source of income or someone looking to tear down and redevelop. Ideal location for a fraternity/ sorority house. Commercial zoning on Rio Grande allows for even more possibilities. 145 ft maximum height restriction. The Chimneys was originally built in 1979 by Dr. Robert Snider. It consists of six 1 bed/ 1 bath units and two 2 bedroom/ 2 bath units. All units were recently renovated. Dell Medical School, LBJ Library, St. Davids Hospital, UT fields and football stadium are an easy walk from here. Guadalupe, "The Drag" is just 2 blocks away which has a multitude of restaurants, shopping, hotels, grocery, live music, entertainment, and just about anything else you need.
Full Property Details
Full Property Details for 701 W 25th St
General
- Price: $3,800,000
- Taxes: $32,990 (2023)
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: 3295243
- Updated: 1/3/2024
- Added to Site: 117 day(s) ago
Interior
- Flooring: Carpet, Tile, Vinyl
Additional Information
- Equipment: Negotiable
- Other Features: None
Parking
- Total Spaces: 8
- Parking Features: Asphalt
- Parking Ratio: 4
Location
- Area: UT
- County: Travis
- Subdivision: Watson
- Driving Directions: 24th St. to Rio Grande. North one block. Property is on your left.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Frame, Stone
- Foundation: Slab
- Disability Access: None
- Square Feet: 4,396
- Current Bldg. Use: Residential
- Year Built: 1979
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Property View: None
- Lot Size (Acres): 0.1309
- Lot Size (Sq. Ft.): 5,702
- Lot Size Source: Assessor
- Street/Road Desc.: Asphalt
- Zoning: GO-NP University Neighborhood Overlay- Outer West Campus 90 Ft Maximum Height
Financial Considerations
- Lot Price Per Sq. Ft.: $666.43
- Tax Amount: $32,990.69
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Survey, See Remarks
- Inclusions: Building & Land, Land & Improvements
- Property ID: 2140108080000
Listed by eXp Realty, LLC
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Schools
Schools serving 701 W 25th St
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
3309 Kerbey Ln, Austin, TX 78703 | PK-5 | 1.2 mi | |
1715 W Cesar Chavez St, Austin, TX 78703 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 W 25th St
Date
Details
Price
Change
Source
1/03/2024
Listed
$3,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 701 W 25th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$22,138
—
$1,670,480
49%
2022
$22,138
-4%
$1,120,980
6%
2021
$22,965
—
$1,055,040
3%
2020
$22,893
-3%
$1,028,150
2%
2020
$23,572
13%
$1,011,000
7%
2018
$20,784
6%
$946,240
6%
2016
$19,607
-18%
$893,079
2%
2017
$24,019
40%
$879,200
18%
2015
$17,159
22%
$747,320
6%
2013
$14,077
-21%
$703,360
23%
2014
$17,867
—
$571,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701 W 25th St
701 W 25th St, Austin, TX 78705 (MLS# 3295243) is a Commercial Multi-Family property. 701 W 25th St is currently listed for $3,800,000 and was received on January 03, 2024. Want to learn more about 701 W 25th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Central Austin? You can browse all Central Austin real estate or contact a Coldwell Banker agent to request more information.