2511 San Gabriel St Austin, TX 78705

This exceptional, fully renovated single-family home (3,124 sq ft) in Austin's coveted West Campus neighborhood presents a rare investment opportunity. Located just blocks from the University of Texas campus and less than a mile from downtown, this property boasts a prime location with exceptionally high demand. Completely remodeled in 2023, the property features updated HVAC, plumbing, electrical systems, and appliances. The 9-bedroom, 1-story home is currently 100% occupied, with pre-leased agreements in place through July 31st, 2026, generating a substantial monthly income of $13,800 (increasing to $15,000 in August 2025 and projected to reach $16,000 in August 2026). The property sits on a 6,912 sq ft lot and includes 4 parking spaces. With a current NOI of $136,500 and a pro-forma NOI of $154,000, this investment offers a compelling 6.22% cap rate (7.02% pro-forma). The property is zoned MF-4-NP, presenting significant redevelopment potential within the UNO overlay district. This turnkey investment offers strong cash flow, low expenses (approximately 20% expense ratio), and significant potential for both rental income growth and future appreciation. The long-term leases minimize management needs and commissions, further enhancing the property's profitability. This is a truly exceptional opportunity to acquire a high-performing asset in a rapidly appreciating market. Asking price: $2,195,000.