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$1,650,000

NAL Estimated Property Value

501 West Ave 1301, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,587 Sq Ft
price_per_sqft$1,039.7 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Electric Oven, Dishwasher, Disposal, Gas Cooktop, Microwave
FlooringStone, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Garage Spaces2

About this property

Welcome to 501 West Ave in the very heart of magnificent downtown Austin. Situated in one of the most trendy centers of lifestyle in the city, the 39-story Fifth and West Residences is the fourth-tallest all-residential tower in Austin and home to our spectacular 13th-floor condominium. This home in the sky boasts 1587 square feet, two ensuite bedrooms, a chef’s designed kitchen, a private balcony, and two exclusive parking spaces. But to put it simply, this space defies descriptors. Walk through the door and in front of you is a view that instantly adds millions of square feet of sensory experience with spectacular, indescribable views. The whole of downtown Austin has become your home, your newest painting, your latest work of art - a spectacular and unobstructed cityscape. Outside your window is The Independent - known to Austinites as the Jenga Building, the famous Zilker Park, Google’s “Block 185”, The Meta Building “Sixth and Guadalupe”, and Austin City Hall. Sit in your living room and witness the construction of the Conrad Building and the history-making Wilson Tower - soon to be the tallest building in all of Texas. At 501 West Ave., you own a front-row seat for city nightlife as only Austinites can do it. The Fifth and West building amenities are amazing with a state-of-the-art gym, guest suites for your visitors, a work lounge, a party space with a designer catering kitchen, a serenity pool with outstanding views, and a covered outdoor entertainment space for inspired partying. And lest we forget, a dog park to complete the Austin pet experience. Walk around the block to 32 world-class eateries, lounges, and bars. With Whole Foods and Trader Joe's at your service, the lifestyle is complete! Welcome to the Fifth and West Residences, the scenic 13th floor!

Investor Tools

Property Icon
$1,650,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,650,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,900 /month
Positive
Cash Flow Estimate:
$3,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$1,200/month
5.947%

City: Austin