$1,349,000

48 East Avenue 2210, Austin, TX

2

Beds

2

Baths

1,277

Square feet

0.41

Acres

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!

Facts & Features

ListingFeed abor
MLS® # 6292110
Price $1,349,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,277
Acres 0.41
Year Built 2021
Type Residential
Sub-Type Condominium
Status Active Under Contract

Community Information

Address 48 East Avenue 2210
Subdivision NATIIVO AUSTIN Zopp Add
City Austin
County Travis
State TX
Zip Code 78701

Amenities

Amenities Concierge
Utilities Electricity Available, See Remarks, Water Available
Features Bicycle Storage, Clubhouse, Dog Park, Fitness Center, Lake, Pet Amenities, Pool, Trails/Paths, Bar/Lounge, Concierge, Rooftop Lounge
Parking Guest, Valet
# of Garages 1
View City Lights, City, Hills
Is Waterfront Yes
Waterfront Lake Front
Has Pool No

Interior

Interior Terrazzo, Tile, Wood
Appliances Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer
Heating Central
Fireplace No
# of Stories 1
Stories One

Exterior

Exterior Features Balcony
Lot Description None
Roof Concrete
Construction Concrete
Foundation Slab

School Information

District Austin ISD
Elementary Mathews
Middle O Henry
High Austin

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
Contact Details (512) 633-0864

Listing Map

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