Description
Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,776 per month, based on comparable local listings. Estimated long-term cap rate of -3.7%. Located in the heart of downtown Austin, #1605 offers unmatched access to the city’s most exciting destinations—just steps from Rainey Street, the Lady Bird Lake Hike & Bike Trail, and a variety of renowned dining and entertainment options. This property is short-term rental friendly and easy to lease, making it an ideal choice for both investors and those seeking a flexible city lifestyle. Residents enjoy an array of resort-style amenities, including a rooftop pool with cabanas, a fully equipped fitness center with three Peloton bikes, 24-hour concierge service, valet parking, and exclusive owner privileges. Additional features include a co-working lounge, a rooftop club room with a full kitchen, a stylish coffee shop/bar in the lobby, and a dedicated 10th-floor dog park complete with a private dog wash station. Whether you're looking for a vibrant place to live or a turn-key income property, #1605 delivers luxury, convenience, and the best of Austin right at your doorstep.
Property Information
Monthly Rent | $2,776 |
Monthly HOA | $0 |
Rental Policy | STR Restrictions |
Yearly Taxes | $14337 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 706 |
Furnished | N/A |
Year built | 2021 |
Listing Status | Off Market |
MLS | 4160529 |
