Austin, TX 78702,1302 E 2nd ST #1
Austin, TX 78702,1302 E 2nd ST #1
Austin, TX 78702,1302 E 2nd ST #1
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$1,599,000
Est. payment /mo
3 Beds
4 Baths
2,047 SqFt
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UPDATED:

01/03/2025 02:57 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 2,047 sqft

Price per Sqft $781

Subdivision 1302 East 2Nd Street Condos

MLS Listing ID 5847576

Style Multi-level Floor Plan,No Adjoining Neighbor,See Remarks

Bedrooms 3

Full Baths 3

Half Baths 1

HOA Y/N Yes

Originating Board actris

Year Built 2023

Tax Year 2023

Lot Size 3,929 Sqft

Acres 0.0902

Property Description

This property offers a rare opportunity to own a premier home just blocks from Austin's highly sought-after Rainey Street District while also stepping into the operation of one of Austin's top-performing short-term rentals (STRs).

In 2024, this property boasted an impressive 84% occupancy rate and generated a remarkable $190,000 in gross revenue, with projections to exceed $220,000 in 2025. It has garnered over 60 Airbnb reviews with an outstanding 4.94/5-star average rating.

The home is being sold completely turnkey, including approximately $75,000 worth of high-quality furniture and home goods purchased just a year ago. Additionally, it has already amassed over $50,000 in future bookings for 2025, ensuring a seamless transition for the new owner.

Because of the proven income of this property, DSCR and/or IO loans (no income or credit required) are available.

Notable features include a third-story loft, a dedicated office, a plunge pool, a deck, and a one-car garage currently utilized as a game room.

Don't miss out on this exceptional opportunity.

Contact the listing agent for more information!

Location

State TX

County Travis

Interior

Interior Features Bar, Breakfast Bar, Ceiling Fan(s), Quartz Counters, Double Vanity, Multiple Living Areas, Open Floorplan, Recessed Lighting, Smart Thermostat, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Concrete, Tile, Wood

Fireplace No

Appliance Bar Fridge, Dishwasher, Disposal, Gas Range, Microwave, RNGHD, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater

Exterior

Exterior Feature Balcony, Private Yard, See Remarks

Garage Spaces 1.0

Fence Back Yard, Privacy, Wood

Pool Gunite, In Ground

Community Features See Remarks

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront Description None

View City Lights, Downtown, Neighborhood

Roof Type Composition

Porch Covered, Deck, Front Porch, Rear Porch, Side Porch, See Remarks

Total Parking Spaces 2

Private Pool Yes

Building

Lot Description Back Yard, City Lot, Landscaped, See Remarks

Faces South

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Frame,HardiPlank Type

New Construction No

Schools

Elementary Schools Sanchez

Middle Schools Martin

High Schools Austin

School District Austin Isd

Others

HOA Fee Include See Remarks

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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