2511 San Gabriel ST
ActiveAustin, TX 78705
Resavvy LLC · MLS# 3242804 · Active
$1,995,000
$635/sqft
Beds
9
Baths
4
Sq Ft
3,142
Acres
0.159
Built
1937
Type
Single Family
About This Home
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.
Interior
- Features
- Breakfast Bar, Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
- Appliances
- Disposal, Dryer, Oven, Range, Washer/Dryer
- Flooring
- Laminate
- Cooling
- Central Air
- Heating
- Central
- Fireplaces
- 1
- Levels
- One
Exterior & Lot
- Exterior
- Private Yard
- Lot
- Alley, Back Yard, Trees-Large (Over 40 Ft)
- Parking
- Off Street
- Fencing
- Front Yard, Privacy
- Condition
- Updated/Remodeled
Community & Schools
- Elementary
- Bryker Woods
- Middle
- O Henry
- High school
- Austin
- District
- Austin ISD
Location
2511 San Gabriel ST · Austin, TX 78705
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$1,995,000
2511 San Gabriel ST