48 East Ave #2210 new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78701
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
Year Built 2021
Tax Year 2024
Lot Size 0.411 Acres
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
Interior
Heating Central
Cooling Central Air
Flooring Terrazzo,Tile,Wood
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
Building
Lot Description None
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction No
Schools
Elementary Schools Mathews
Middle Schools O Henry
High Schools Austin
School District Austin Isd
Others
Acceptable Financing Cash,Conventional,See Remarks
Listing Terms Cash,Conventional,See Remarks
Special Listing Condition Standard