48 East Ave #2210 Austin, TX 78701
2 Beds
2 Baths
1,277 SqFt
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
Originating Board actris
Year Built 2021
Tax Year 2024
Lot Size 0.411 Acres
Property Description
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 Y
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
Accessibility None
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
Restrictions See Remarks
Ownership Common
Acceptable Financing Cash, Conventional, See Remarks
Tax Rate 2.1449
Listing Terms Cash, Conventional, See Remarks
Special Listing Condition Standard