Austin, TX 78705
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.
| MLS ID | 3242804 | |
| Status | Active | |
| Days Active | 88 | |
| Est. Tax | ||
| Lot Size | 0.159 | |
| Year Built | 1937 | |
| Total Bedrooms | 9 | |
| 1st Floor Bedrooms | 9 | |
| Full Baths | 4 | |
| Half Baths | 0 | |
| Square Feet | 3142 | |
| Price Per SqFt | $634.95 | |
| Garage Spaces | 0 | |
| Fireplace(s) | 1 | |
| Fireplace Info | Living Room | |
| Flooring | Laminate | |
| Stories | One | |
| Pool | No | |
| Courtesy of | Resavvy LLC (512) 762-8669 | |
| Subdivision | Wooten Goodall | |
| City | Austin | |
| County | Travis | |
| HOA | ||
| HOA Fee | $ / | |
| Water Front | No | |
| Roof | CompositionComposition | |
| Construction | ||
| Foundation | Pillar/Post/Pier | |
| Fencing | Front Yard, Privacy | |
| Elementary School | Bryker Woods | |
| Elementary District | Austin ISD | |
| Middle School | O Henry | |
| Middle District | Austin ISD | |
| High School | Austin | |
| High District | Austin ISD | |
| Appliances | Disposal, Dryer, Oven, Range, Washer/DryerDisposal, Dryer, Oven, Range, Washer/Dryer | |
| Heating | Central | |
| Cooling | Central Air | |
| Exterior Features | Private Yard | |
| Lot Features | Alley Access, Back Yard, Trees-Large (Over 40 Ft) | |
| Community Features | None | |
| Patio Features | Covered | |
| Structures | None | |
| 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) | |
| Fencing Features | Front Yard, Privacy | |
| Parking Features | Off Street | |
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