This property is a great option for someone looking to get into central Austin at an affordable price. It is well suited for a first time buyer but would also work as a second home or as an investment. Sandwiched between the popular central neighborhoods of Rosedale, Allandale and Brentwood; this well appointed condo is walking distance to many of the area’s most popular restaurants.
The 713 sq. ft. floor plan features a kitchen open to the living room, a separate large bedroom, walk-in closet, and spacious bathroom. The flooring consists of engineered hardwoods in the living area, hard tile in the kitchen and bathroom and brand new carpet in the bed room. The kitchen features granite counter tops, a large pantry, a gas stove, and a built in microwave. The adjacent laundry room has electric connections for a full size washer and dryer.
The private balcony faces East and overlooks La Mancha Mexican restaurant which will open soon and is being designed by Michael Hsu architects(see Rendering). Additional restaurants and bars within a short walk include: Billy’s on Burnet, Torchy’s Tacos, Lucky J’s Chicken and Waffles, Apothecary Cafe & Wine Bar, Blue Star Cafe, The Omlettry, and Sarah’s Mediterranean; just to name a few. There are also several boutiques, cross-fit gyms, and tattoo parlors in the area as well(this is Austin after all). With more mixed use and retail in the works along Burnet Road, the area is exploding with activity and there something for everyone.
As an investment, the property has previously rented for $1200 with current market rent of $1250-$1300. The HOA fees are a very reasonable $200 per month. At 20% down and 4% interest rate, the monthly cash flow would be approximately $75-$125 per month.
The property is being offered at $155,000. Call Jonas at (512)496-0215 to schedule a showing or for more information. Don’t miss this opportunity to live in one of central Austin’s most desirable neighborhoods at an affordable price!