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$349,900

40 N Interstate 35 Apt 4c2, Austin, TX, 78701

$454,870 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,459 Sq Ft
price_per_sqft$239.82 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt In Range, Dryer, Dishwasher, Disposal, Washer
FlooringCarpet Free, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGas Grill, Private Entrance, Uncovered Courtyard
Lot Size1,150 sqft

Building Information

Year Built1983
Stories1

Land Information

APN02010402160052
Lot NumberPC4
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 4C2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$136,711
Assessed Improvement Value$293,578
Assessment Year2025

About this property

Owner is ready to sell - Needs to close by 12/24/2026!! Unbelievable PRICE !! Disregard days on market. It was a rental and then taken off the market and painted & floors replaced. Some properties just check all the boxes. Under $400K this property checks all of them better than any other option, Located in a premier location with convenient access to downtown & Rainey Street. Turnkey lifestyle in the heart of Austin. New Luxury Vinyl Floors throughout with a wall of sliding glass doors that lead to a spacious balcony, allowing plenty of natural light to enter the residence. The kitchen boasts white cabinetry and loads of storage. Primary bedroom features large walk-in closet, en-suite bathroom, double vanity, and built-in linen closet. Laundry off kitchen. One of the first condo buildings in Austin. Highly sought after amenities including 24-hour concierge, fitness center, basketball court, sauna, resort-style indoor and outdoor pools, billiards room, library, piano room and conference room. Towers has recently completed updates to the lobby area. A complete exterior renovation on the buildings was completed last year. The parking lot has been resurfaced and landscaping has been upgraded. The roof was replaced about 5 years ago. Two parking spaces convey with this condo. Concierge desk is staffed 24/7 365 days a year. Google Fiber is available.

Investor Tools

$0Estimated Mortgage Balance
$430,289Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$454,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,582 /month
Positive
Cash Flow Estimate:
$861 /month

Interested in this property?

Jeff Kress

Pure Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,004/month
$1,075/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,898
$430,289
2025
$136,711
$293,578
$430,289
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,898
$430,289

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$430,289
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,075/mo
+$1,365/mo
6.8%

City: Austin