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$2,600,000

Beds
12
Baths
8.0
sq ft
5,112

1902 & 1904 David St, Austin, TX 78705

1902 & 1904 David St

Austin, TX 78705

  • 15 days on market
A very rare opportunity to own 3 fully remodeled turnkey houses in West Campus. Prime WC location rented for 2 years in advance with strong solid leases and great cash flow. Easy walking distance to Campus and Capitol. Recently fully upgraded. It is 2 separate properties selling together for a total of 3 free-standing houses: 1902 David #A is a 4 bed 2 bath, 1902 David #B is a 3 bed 3 bath house, and 1904 David St is a 5 bed 3 bath house. There are no common walls, 3 separate houses each with its own washer/dryer, and plenty of parking. All 3 houses are currently rented for a total of $16,800/mo. until July 31st, 2025, and already fully leased from Aug 7th, 2025, until July 31st, 2026, for $19,200/mo. Aug 2026 to July 2027 projected rents are at $20,150/mo. 1902 David B has great Downtown views from the rear patio and/or 2nd story, no back house neighbors, and walking/biking distance to UT. All units have hardwood floors on the first floor. The front houses are colonial style, and the back house is cabin style with a large open deck. Future re-development opportunity. Possibility for additional houses to be constructed in the lot as there is plenty of space.

Details

Property type

Single Family Residence

Est. home value

$954,870

Property condition

Updated/Remodeled

Lot size

0.344 acres

Price per sq ft

$509

Year built

1927

Annual property taxes

$25,437

HOA

No

Price History

12/06/2024
Austin

Austin #5300628

Listed
$2,600,000

Schools & Community

Neighborhood: 

West University

Elementary school: 

Casis

Middle school: 

O Henry

High school: 

Austin

Community features: 

None

High school district: 

Austin ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,742,373
Asking price
$2,600,000
Closing costs (~8% of asking)
-$208,000
Est. remaining loan balance
-$649,627
Cash to seller
$1,742,373

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Angel Oak Home Loans Llc

Loan start date

June 2022

Original loan amount

$675,000

Est. remaining balance

$649,627

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Kegan Rodrigues and Victoria Rodrigues

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 4:15 AM

Listing updated: 12/19/2024 at 7:05 AM

Listed by: Tony Lazarov, Resavvy LLC Phone #: (512) 762-8669

MLS: Austin #5300628

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