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$368,022

NAL Estimated Property Value

2110 Rio Grande ST 304, Austin, TX, 78705

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,091 Sq Ft
price_per_sqft$362.05 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesBuilt In Refrigerator, Dishwasher, Electric Range, Disposal, Microwave
FlooringCarpet Free

Exterior

Exterior FeaturesBalcony, Covered Courtyard
Lot Size1,420 sqft

Building Information

Year Built1981
Stories1
Roof Type104

Land Information

APN02120126210000
Lot Number304
SubdivisionPalmetto Condominiums
Land UseResidential
Legal DescriptionUNT 304 PALMETTO CONDOMINIUMS PLUS 6.670% INTEREST IN COMMON AREA
Census Tract000607
Assessed Land Value$213,107
Assessed Improvement Value$154,915
Assessment Year2025

About this property

Rare opportunity to own a top-floor, multi-level unit at The Palmetto, nestled in the heart of West Campus, just blocks from UT and less than a mile from Downtown Austin! Boastin a coveted location, this residence offers unparalleled convenience with the West Campus UT Shuttle picking up right next to the complex at 26th and Rio Grande, and the MetroRapid stopping just a few blocks away on Guadalupe. For the outdoor enthusiasts, Rio Grande Street’s protected bike lane, earning a remarkable 98 Bike Score, ensures a cyclist's paradise, while the area's walkability, with a stellar 94 Walk Score, provides easy access to nearby restaurants, shops, and services. Upon entry, you'll be greeted by a flowing interior layout that seamlessly connects the living, dining, and kitchen areas. The living area features a vaulted ceiling, a cozy fireplace, built-in shelves, and access to a large balcony, perfect for enjoying your morning coffee or the relaxing evening breeze. The galley-style kitchen boasts granite countertops and bar seating and is positioned across from a spacious dining area. A generously sized bedroom on the main floor offers a walk-in closet and en suite access to a full bathroom, which guests can also conveniently access through a separate entry point. Upstairs, you'll find a second bedroom and another full bathroom, providing ample space and privacy for residents and guests alike. Storage won't be an issue with plenty of closet space throughout the unit and you’ll have 2 dedicated parking spaces, one covered/one uncovered. Don't miss out on this incredible investment opportunity or the chance to experience urban living at its finest in one of Austin's most sought-after locations. Come check it​​‌​​​​‌​‌​​​‌​‌​​‌‌‌​​‌ out!

Investor Tools

Property Icon
$368,022
Estimated Property Value
$295,969Estimated Mortgage Balance
$72,053Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
$384/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,014
$368,022
2025
$213,107
$154,915
$368,022
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,014
$368,022

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Airlines Fcu
Conventional
$308,000
No
First
Mar 25, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,969
$72,053
19%
80%
$1,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$2,231/mo
$-241/mo
6.5%

City: Austin

2110 Rio Grande ST 304 | Property Details | No Agent List