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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$1.73 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Free-Standing Gas Oven, Refrigerator, Washer/Dryer
FlooringConcrete, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
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
$6,904,164
$2,845,836
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