Austin, TX 78701,48 East Ave #2210
Austin, TX 78701,48 East Ave #2210
Austin, TX 78701,48 East Ave #2210
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$1,349,000
Est. payment /mo
2 Beds
2 Baths
1,277 SqFt
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UPDATED:

01/03/2025 02:56 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,277 sqft

Price per Sqft $1,056

Subdivision Natiivo Austin Zopp Add

MLS Listing ID 6292110

Style Tower (14+ Stories)

Bedrooms 2

Full Baths 2

HOA Fees $971/mo

HOA Y/N Yes

Originating Board actris

Year Built 2021

Tax Year 2024

Lot Size 0.411 Acres

Acres 0.411

Property Description

This property offers a rare opportunity to own a premier, water-view, condo in the heart of Austin's highly sought-after Rainey Street District while also stepping into the operation of one of Natiivo's top-performing short-term rentals (STRs).

In 2024, this property boasted an impressive 95% occupancy rate and generated a remarkable $120,000 in gross revenue, with projections to exceed $140,000 in 2025. Other, similar units in the Natiivo building generate anywhere from $50-$60k in annual revenue. This means this particular unit outperforms others by over 100%! It has also has garnered over 100 Airbnb reviews with an outstanding 4.94/5-star average rating. There is no question, if you are looking for a unit exclusively in this building, this is by far the best choice.

Because of the proven income by this property, options for information on DSCR and/or IO loans are available upon request.

The home is being sold completely turnkey, including approximately $100,000 worth of upgrades from the standard, builder-grade units and high-quality furniture and home goods purchased just a year ago. Additionally, it already has thousands in future bookings for 2025, ensuring a seamless transition for the new owner.

Notable features include a state-of-the-art lighting system, upgraded countertops and island, stereo system, as well as complete furnishings. Building amenities include a pool, gym, reception, outdoor lounge, dog walk, co-working spaces, indoor lounge and kitchen, and attached coffee shop on the ground floor!

Don't miss out on this exceptional opportunity. Contact the listing agent for more information!

Location

State TX

County Travis

Rooms

Main Level Bedrooms 1

Interior

Interior Features High Ceilings, Quartz Counters, Primary Bedroom on Main, Recessed Lighting, Smart Home, Sound System, Walk-In Closet(s), See Remarks

Heating Central

Cooling Central Air

Flooring Terrazzo, Tile, Wood

Fireplace No

Appliance Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer, Washer/Dryer Stacked

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Fence None

Pool None

Community Features Bike Storage/Locker, Clubhouse, Concierge, Dog Park, Fitness Center, Garage Parking, Lake, Lounge, Pet Amenities, Pool, Rooftop Lounge, ValetParking, Trail(s)

Utilities Available Electricity Available, Water Available, See Remarks

Waterfront Description Lake Front

View City Lights, Downtown, Hill Country

Roof Type Concrete

Porch Patio

Private Pool No

Building

Lot Description None

Faces West

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Concrete

New Construction No

Schools

Elementary Schools Mathews

Middle Schools O Henry

High Schools Austin

School District Austin Isd

Others

HOA Fee Include Cable TV,Common Area Maintenance,Insurance,Internet,Parking,Trash

Special Listing Condition Standard


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Listed by Compass RE Texas, LLC

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agent

Beata Burgeson

+1(512) 795-9900

Broker Associate | License ID: 513236

Broker Associate License ID: 513236

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