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$1,165,000

NAL Estimated Property Value

311 E 35 ST E 1, 2 and 3, Austin, TX, 78705

Off MarketInfo
Beds— Beds
Baths— Bath
Baths1,929 Sq Ft
TriplexTriplex
price_per_sqft$603.94 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
AppliancesDishwasher, Electric Range, Gas Cooktop, Refrigerator, Washer/Dryer
FlooringConcrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Entrance, Private Yard

Building Information

Garage Spaces2

About this property

Welcome to 311 E 35th Street, where opportunity meets charm. Located in the heart of the North University area, this income-generating property is comprised of two buildings on a lushly landscaped private lot with close proximity to Downtown Austin, The University of Texas, Moody Center, Moody Amphitheater, Blanton Museum of Art, and more. Front House: This 1930s 2-bedroom, 1 bath bungalow exudes vintage charm with its architectural details. Meticulously maintained and updated, the house features a beautiful kitchen, living room with gas log fireplace, screened-in back porch, hardwood floors, custom moldings, original hardware, and more. The Carriage House: The carriage house was built in 2002 to complement the style of the main house, and incorporates some unique touches, such as reclaimed vintage metal cabinets from the UT chemistry lab that were used to create both kitchens. The carriage house features two separate studio units; one at ground level and one upstairs. The ground level studio apartment has concrete floors, antique doors, and its own patio set up for outdoor lounging. The upstairs studio enjoys vaulted ceilings, hardwood floors and a private deck under the trees. The front house and carriage house have separate laundry rooms. All three units are furnished with a combination of modern and antique items, as well as original art, and all of this can be purchased from the Owner (from the furniture down to all the bedding, towels, pot and pans). Appliances that will convey include: tankless gas water heaters, two sets of washer/dryers, two gas ranges, one electric range; three dishwashers, three refrigerators. Rental income statements from both VRBO and Airbnb are available from the last two years. Itemized furnishing inventories also available.

Investor Tools

Property Icon
$1,165,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,165,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,990 /month
Positive
Cash Flow Estimate:
$2,330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Austin

311 E 35 ST E 1, 2 and 3 | Property Details | No Agent List