New Listing
48 East Avenue 2010, Austin
$1,200,000 - 2 Beds, 2 Baths, 1,277 Sf
MLS® # 6653265
Compass RE Texas, LLC
48 East Avenue 2210, Austin
$1,349,000
2 Beds
2 Baths
1,277 Sqft
.41 Acre
1 Garage
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!
Essential Information
MLS® #6292110
Price$1,349,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,277
Acres0.41
Year Built2021
TypeResidential
Sub-TypeCondominium
StatusActive
Community Information
Address48 East Avenue 2210
AreaDT
SubdivisionNATIIVO AUSTIN Zopp Add
CityAustin
CountyTravis
StateTX
Zip Code78701
Amenities
AmenitiesConcierge
ParkingGuest, Valet
Garage Spaces1
ViewCity, Hills, City Lights
Is WaterfrontYes
WaterfrontLake Front
Utilities
Electricity Available, Water Available, See Remarks
Features
Clubhouse, Dog Park, Fitness Center, Lake, Pet Amenities, Pool, Trails/Paths, Bar/Lounge, Bicycle Storage, Concierge, Rooftop Lounge
Interior
InteriorTile, Wood, Terrazzo
HeatingCentral
# of Stories1
StoriesOne
Appliances
Washer/Dryer Stacked, Dishwasher, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Electric Cooktop, See Remarks
Exterior
Exterior FeaturesBalcony
Lot DescriptionNone
RoofConcrete
ConstructionConcrete
FoundationSlab
School Information
DistrictAustin ISD
ElementaryMathews
MiddleO Henry
HighAustin
Additional Information
Date ListedJanuary 1st, 2025
Days on Market24
Listing Details
Office Contact(512) 633-0864
LISTING MAP
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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® (alternatively, from ACTRIS) from January 24th, 2025 at 11:31pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
