Property Description
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.
Essential Information
- MLS Number
- 3242804
- Status
- Active
- Days on Market
- 146
- Price / Sq Ft
- $635
- Main-Level Bedrooms
- 9
- Full Baths
- 4
- Half Baths
- 0
- Courtesy of
- Resavvy LLC (512) 762-8669
Interior & Systems
- Appliances
- Disposal, Dryer, Oven, Range, Washer/Dryer
- Heating
- Central
- Cooling
- Central Air
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Quartz Counters, Electric Dryer Hookup, Gas Dryer Hookup, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
- Flooring
- Laminate
- Fireplaces
- 1
- Fireplace Features
- Living Room
- Levels
- One
Community & Amenities
- Subdivision
- Wooten Goodall
- City
- Austin
- County
- Travis
- Pool
- No
- Waterfront
- No
- Community Features
- None
Exterior & Lot
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Exterior Features
- Private Yard
- Lot Features
- Alley Access, Back Yard, Trees-Large (Over 40 Ft)
- Patio / Porch
- Covered
- Fencing
- Front Yard, Privacy
- Parking Features
- Off Street
- Other Structures
- None
School Information
- Elementary School
- Bryker Woods
- Elementary District
- Austin ISD
- Middle School
- O Henry
- Middle District
- Austin ISD
- High School
- Austin
- High District
- Austin ISD
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