48 East Avenue #2210
Austin, TX 78701
1277 sqft | 2 beds | 2 baths | 0.41 acres | #6292110
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!
Property Details
- InteriorHigh Ceilings, MainLevelPrimary, Quartz Counters, Recessed Lighting, Sound System, Smart Home, Walk In Closets
- Utility FeaturesElectricity Available, Water Available
- SubdivisionNATIIVO AUSTIN Zopp Add
- ViewCity Lights, City, Hills
- Sewer InformationPublic Sewer
- Property SubtypeCondominium
- School DistrictAustin ISD
- Original List Price$1,349,000
- Property TypePurchase
- Exterior MaterialsBalcony
- Elementary SchoolMathews
- Middle SchoolO Henry
- MLS #6292110
- Cost1349000
- MLS #6292110
- Utility SourcePublic
- High SchoolAustin
- CountyTravis
- Property ConditionResale
- Acres0.411
- Square Feet1277
- Year Built2021
- FoundationSlab
- Hoa Fees971
- Bedrooms2
- Bathrooms2
- Full Baths2
- Parking Spaces1
- Days on Market (Cumulative)3
Location
Legal
Based on information submitted to the MLS GRID as of 2025-01-02 22:15:40 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Dylan Haines (#695589), Phone: (512) 633-0864
Listing Office: Compass RE Texas, LLC (#700459)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
