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$9,750,000

2119 Frate Barker Rd, Austin, TX, 78748

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths37,449 Sq Ft
ApartmentApartment
price_per_sqft$1.69 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size2.00 acres

Building Information

Year Built2024
Stories1

Land Information

APN04382523040000
Lot Number1
SubdivisionArtisan Cove South
Land UseCommercial
Legal DescriptionARTISAN COVE SOUTH LOT 1
Census Tract033200
Assessed Land Value$522,306
Assessed Improvement Value$9,227,694
Assessment Year2025

About this property

perfect location to build condo, shopping ctr, single family home ,4 -plex ,with many option. Lot is large enough to build 24 unit 4 -plex

Investor Tools

Property Icon
$9,750,000
Estimated Property Value
$7,150,000Estimated Mortgage Balance
$2,845,836Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$58,500 /month
Positive
Cash Flow Estimate:
$19,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$16,763/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$152,400
$9,750,000
2025
$522,306
$9,227,694
$9,750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$152,400
$9,750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Greystone Select Company Ii Llc
Open End Mortgage / Open End With Future Advance Clause
$7,150,000
No
First
Jun 26, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,915,248
$2,834,752
29%
71%
$42,868/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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2119 Frate Barker Rd | Property Details | No Agent List