SHAPIROGROUP
Fully renovated 9-bed/4-bath trophy student rental two blocks from UT Austin, in the rare UNO high-rise overlay. Amazing investment opportunity. A 7%+ cap on actual rents in Class-A West Campus is structurally rare. This deal layers in forward leases, day-1 equity, and a redevelopment option for free. Signed pre-lease at $17.5K/mo through July 2028 - see the attached Offering Memorandum for the full details. 6–10 BD houses near UT are pre-leased years in advance. UNO zoning makes high-rises more profitable to build, so large houses are vanishing — not being added. Locked at $10K/mo through Jul '27. Pre-lease at $17,500/mo signed through Jul '28. Oct 2023 appraisal: $2,425,000 (sales-comparison + cost + income approaches all reconciled). Day-1 equity built into the basis. Taken to studs in 2023: HVAC, electrical, plumbing, roof, foundation, kitchen, baths. Permitted. C2 (no deferred maintenance). MF-4-NP inside UNO permits high-rise. The land alone is the long-tail option — eventual sale to a high-rise developer at premium dirt value.
Bedrooms
9
Bathrooms
4
Square Feet
3,142
Lot Size
0.159 acres
Year Built
1937
Stories
1
Tax Assessed
$1,061,567 (2023)
Type
Single Family
Status
Active
Shapiro Group
Last checked 5h ago.
As assigned by the MLS listing; verify with the district.
2511 San Gabriel St
Austin, TX 78705
Loan Term
Est. Monthly Payment
$12,356
Property tax is figured on the 2023 assessed value of $1,061,567.
Estimates based on 6.5% rate. Actual payments may vary.
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