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Owner Contacts

$462,446

40 N Interstate 35 Apt 4c1, Austin, TX, 78701

Off Market

2 Beds

2 Bath

1,288 Sq Ft

Condos / Townhouses

$1.86 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

AppliancesDishwasher, Disposal, Electric Cooktop, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size1,011 sqft

Building Information

Year Built1983

Stories1

Garage Spaces2

Land Information

APN02010402160051

Lot Number4D2

SubdivisionTowers Of Town Lake Condominiums Amended

Land UseHigh-Rise Condo/Apartment

Legal DescriptionUNT 4C1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA

Census Tract001103

Assessed Land Value$120,306

Assessed Improvement Value$342,140

Assessment Year2025

About this property

Stunning two-bedroom residence downtown. This stellar location is just steps from the Lady Bird Lake Hike and Bike Trail! Excellent amenities include 24-Hour concierge, indoor/outdoor pool, sauna, racquet ball court, club rooms, fitness center, and billiards Room. Excellent natural light compliments the appealing interior features include Brazilian cherrywood floors and updated designer bathrooms and kitchen. New carpet in bedrooms. This unit is truly one of a kind in the Towers of Town Lake Complex. Spacious walk-in closet with ample storage. Outdoor patio with city views. Walk to popular Rainey Street bars & restaurants. Ultra-stylish living in an unbeatable Austin location. Two reserved parking spaces in the community garage are included.

Investor Tools

$462,446

Estimated Property Value

$388,000Estimated Mortgage Balance

$108,130Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,775 /month

Positive

Cash Flow Estimate:

$925 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,041/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,183

$462,446

2025

$120,306

$342,140

$462,446

Tax History

Year

Tax Paid

Assessed Value

2024

$10,183

$462,446

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Better Mortgage Corporation

Conventional

$388,000

First

Oct 15, 2021

Nov 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$354,985

$107,461

23%

77%

$2,327/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,440/mo

$2,327/mo

+$113/mo

6.3%

Learn About the Market: Opportunity in Austin

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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.

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