Market insights

Compared with 223 active homes in ZIP 78705 · HomeLocating listings

Property details

Property type

Residential · SingleFamilyResidence

Status

Active

Year built

1937

Full baths

4

Lot size

128x54

Subdivision

Wooten Goodall

MLS area

UT

MLS #

244817282

Features

Additional details

Parking

Off Street

Garage spaces

0

Roof

Composition

Foundation

Pillar/Post/Pier

Schools

Assigned schools per the MLS.

School district

Austin ISD

Elementary

Bryker Woods

Middle

O Henry

High

Austin

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.

Location

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