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$895,900

48 East Ave # 2011, Austin, TX, 78701

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,036 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$864.77 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
AppliancesBuilt-In Electric Oven, Built-In Refrigerator, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer/Dryer Stacked
FlooringTerrazzo, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Barbecue, Dog Run
Lot Size87 sqft

Building Information

Year Built2021
Stories1

Land Information

APN02030329180000
Subdivision48 East Condominiums
Land UseResidential
Legal Description48 EAST CONDOMINIUMS UNT 2011 0.4852%INT IN COMMON AREA
Census Tract001103
Assessed Land Value$59,098
Assessed Improvement Value$937,728
Assessment Year2025

About this property

Experience elevated downtown Austin living with the rare freedom to own, enjoy, and generate income from one exceptional residence. This fully furnished 2-bedroom, 1.5-bath condominium at Natiivo Austin offers a seamless blend of luxury, flexibility, and investment potential in one of the city’s most sought-after locations in the heart of the Rainy Street District. Designed for both personal enjoyment and guest appeal, the turnkey residence comfortably accommodates up to six guests and showcases sweeping views of Lady Bird Lake and the Austin skyline through expansive floor-to-ceiling windows. Contemporary interiors, designer furnishings, and thoughtful details create a sophisticated retreat above the city. Located in the heart of Austin’s vibrant Rainey Street District, residents and guests enjoy immediate access to acclaimed restaurants, nightlife, live music venues, and the scenic trails surrounding Lady Bird Lake. Whether serving as a personal getaway, an income-producing asset, or a full-time residence, this property offers unmatched versatility. Owners and guests enjoy access to an impressive collection of resort-style amenities, including a rooftop pool, fitness center, owner’s lounge, concierge-inspired services, and professional hosting support. As part of Natiivo Austin, one of downtown’s premier hospitality-focused residential communities, owners have the flexibility to self-manage or participate in short-term rental programs while maintaining the comfort and privacy of luxury condominium ownership. With strong rental performance, a prime downtown location, and breathtaking lake and skyline views, this is a rare opportunity to own a truly flexible luxury property in the center of Austin. Schedule your private tour today.

Investor Tools

$490,446Estimated Mortgage Balance
$996,826Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,981 /month
Positive
Cash Flow Estimate:
$1,994 /month

Interested in this property?

Denise Bodman

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,169/month
$795/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,039
$996,826
2025
$59,098
$937,728
$996,826
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,039
$996,826

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Innovative Capital Income Fund Llc
Open End Mortgage / Open End With Future Advance Clause
$500,000
No
First
Mar 6, 2025
Apr 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,446
$506,380
50%
49%
$2,998/mo

City: Austin

48 East Ave # 2011 | Property Details | No Agent List