The Carvajal Group Blog

Centennial Condominums

January 24th, 2012

Have you ever heard of Centennial Condominiums?

For those looking to be in the heart of downtown Austin or West Campus or looking to be near the University of Texas, be sure to include Centennial Condominiums in your Austin Home Search.

Located at 501 W.26th street the nice quaint community of condominium units was built in 1997 and is a 4 story building, offering underground parking and 3 levels of residential property.  These units are all individually owned and come in 4 different floor plan options:

  • 1 bed/1 bath
  • 1 bed/1 bath plus study
  • 2 bed/2 bath
  • 3 bed/2 bath
Many of the 1 bedrooms plus study have been converted into 2 bedroom 1 bath units to increase Austin rental income.  

 

Because of there close proximity to the University of Texas at Austin and their central Austin location, these downtown Austin condos are highly regarded as great pieces of Austin real estate.  These units are primarily investor owned and held as income producing properties which can pose some financing problems.  With low owner occupant ratios many conventional lenders will not lend on a project like this, however their are non-traditional opportunities available for those wishing to finance.

 

As rental rates continue to climb to record rates in Austin, Texas, these units continue to be a great investment opportunity for investors or even parents with children attending the University of Texas.  For more information on Centennial Condominiums or for assistance with your Austin Home Search, contact me today at (512) 786-1515

 

 

Tags: Austin Home Search · Austin Investment Property · Austin Neighborhoods · Austin Real Estate