Off-Market Condo at 1801 Lavaca St, Austin, TX 78701

1801 Lavaca St, Austin, TX 78701

Unit - #7L

$644,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $4,641 per month, based on comparable local listings. Estimated long-term cap rate of -1.8%. Unparalleled Opportunity in Cambridge Tower - With the University of Texas embarking on an estimated $2.5 billion transformation of the nearby medical district into a world-class center for education, research, and patient care, now is the perfect time to invest in Cambridge Tower. Read more about this exciting development herehttps://www.texastribune.org/2023/08/14/university-texas-austin-md-anderson-cancer-hospital/#:~:text=University of Texas at Austin, outside of the Houston area.) Located on the 7th floor, this updated and spacious 2-bedroom, 2-bathroom residence offers 1,363 square feet of sophisticated living space. The unit is bathed in natural light, with automated shades providing effortless privacy. The generously sized primary bedroom features ample closet space, perfectly balancing comfort and functionality. Designed with timeless midcentury charm, the unit seamlessly integrates modern touches for an inviting and stylish home. Luxury Amenities Include: All-inclusive HOA: Covers utilities, high-speed internet, and cable TV. Recently refreshed lobby with elegant, modern updates. 24/7 security, concierge services, and attended parking garage with one reserved space. Amenities: Heated oak-shaded pool, spa, fitness room, multipurpose meeting space, and a rooftop terrace with breathtaking views of the Capitol, downtown skyline, and Hill Country. Embrace the best of Austin living with the University of Texas, Dell Medical Center, museums, restaurants, and entertainment just steps away. This is your chance to own a piece of Austin’s vibrant history and its exciting future!

Property Information
Monthly Rent
$4,641
Monthly HOA
$1430
Rental Policy
STR Restrictions
Yearly Taxes
$9276
Bedrooms
2
Bathrooms
2
SQFT
1,363
Furnished
N/A
Year built
1964
Listing Status
Off Market
MLS
1084372

Long-term Rental Potential
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$55,692

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,641/mo

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