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$1,195,000
last listed1911 David St, Austin, TX 78705
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About This Home
Seller would do a wrap mortgage for 12 to 18 months at 3.75% interest. A rare opportunity to own a fully remodeled West Campus House with a very strong cash flow and a 7%+ cap rate. This house had a complete remodel done! The lot also features a backyard and its own parking spaces! The House is fully pre-leased for the Aug 2025 to Aug 2026 term at $9,595 per mo. We are currently marketing the home for Aug 2026 - Aug 2027 pre-lease at $11,400/mo. Large lot with plenty of space for the Buyer to build another home in the back of the lot. Buyer to verify feasibility and permits for extra build. Lots of upside coupled with the strong rents and caprate, location, and quality make this an incredible purchase opportunity!
Property Type
Residential
Year Built
1962
Lot Size
0.18 acres
$/Sq Ft
$613
Listed by Resavvy LLC
Highlights
Property Details
Facts & Features
Exterior & Lot
- Lot Size
- 0.18 Acres
Financial
- Original List Price
- $1,195,000
- Price per Sq Ft
- $613
