This property offers a rare opportunity to own a premier, water-view, condo in the heart of Austin's highly sought-after Rainey Street District while also stepping into the operation of one of Natiivo's top-performing short-term rentals (STRs).
In 2024, this property boasted an impressive 95% occupancy rate and generated a remarkable $120,000 in gross revenue, with projections to exceed $140,000 in 2025. Other, similar units in the Natiivo building generate anywhere from $50-$60k in annual revenue. This means this particular unit outperforms others by over 100%! It has also has garnered over 100 Airbnb reviews with an outstanding 4.94/5-star average rating. There is no question, if you are looking for a unit exclusively in this building, this is by far the best choice.
Because of the proven income by this property, options for information on DSCR and/or IO loans are available upon request.
The home is being sold completely turnkey, including approximately $100,000 worth of upgrades from the standard, builder-grade units and high-quality furniture and home goods purchased just a year ago. Additionally, it already has thousands in future bookings for 2025, ensuring a seamless transition for the new owner.
Notable features include a state-of-the-art lighting system, upgraded countertops and island, stereo system, as well as complete furnishings. Building amenities include a pool, gym, reception, outdoor lounge, dog walk, co-working spaces, indoor lounge and kitchen, and attached coffee shop on the ground floor!
Don't miss out on this exceptional opportunity. Contact the listing agent for more information!
View Description: City Lights, Downtown, Hill Country
Elementary School:Mathews
Middle School: O Henry
High School: Austin
School District: Austin ISD
Interior
Total Bedrooms: 2
Total Bathrooms: 2
Full Bathrooms: 2
Flooring: Terrazzo, Tile, Wood
Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer, Washer/Dryer Stacked
Other Interior Features: High Ceilings, Quartz Counters, Primary Bedroom on Main, Recessed Lighting, Smart Home, Sound System, Walk-In Closet(s), See Remarks
Exterior & Building
Stories: 1
Garage Space: 1.0
Water Source: Public
Utilities: Electricity Available, Water Available, See Remarks
Pool: None
Roof: Concrete
Lot Features: None
Parking: Valet
Heat Type: Central
Air Conditioning: Central Air
Sewer: Public Sewer
Substructure: Slab
Disability Features: None
Other Exterior Features: Balcony
Financial
Sales Price: $1,349,000
HOA Fees: $971/mo
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