Off-Market Condo at 2414 E Martin Luther King Junior Boulevard Blvd, Austin, TX 78702

2414 E Martin Luther King Junior Boulevard Blvd, Austin, TX 78702

Unit - #A

$599,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $194 per day and long-term for an average of $3,784 per month, based on similar listings in the area. Estimated short-term cap rate of -0.2%. Estimated long-term cap rate of -0.8%. This recently constructed gem is nestled in the heart of bustling central East Austin! With all the benefits of newer construction- contemporary design, high ceilings, walls of windows, and green-energy features, this home is ideal for easy, low-maintenance living. Just move in and enjoy the central Austin lifestyle! As you enter the home, you are greeted by the light and bright living room, open to the kitchen. The kitchen features quartz countertops, gas range and ample counter and cabinet space, plus a large pantry! Head upstairs and lounge in the quiet second living area. Down the hall is the large primary suite with vaulted ceilings and walk-in closet. The bath features quartz countertops and a walk-in shower. The second bedroom is also spacious with a large closet. Enjoy the crisp cool air of your dual-zoned HVAC with Aprilaire dehumidifier and Active Air air purifier. This home also features a hard to find garage with an electric car charger! Enjoy your fenced in yard to relax or grill-out with friends and family. The yard is just large enough to enjoy, without being too much to keep up! Walkability is off the charts- walk to the Sour Duck, Austin original Casa de Luz, and the Manor Road District with restaurants, coffee, pickleball, & nightlife. WALK to UT DKR Stadium for football games, and the UT Baseball field to take in some baseball. Minutes to downtown and all the east side favorites that make central Austin such a cool place to live. Enjoy nearby Mueller District, with retail, restaurants, parks, lakes, farmers market and trail systems. Walk to MLK transit station. NO HOA FEES! This property qualifies for 100% financing! If you are looking to make a smart buy on a great home, and are interested in a loan program with competitive rates and no downpayment required, this is your chance to claim your spot in Austin! (Buyer needs to qualify, but it's a generous program, please reach out to the listing agent for more details.)

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$11769
Bedrooms
2
Bathrooms
2
SQFT
1,476
Furnished
N/A
Year built
2016
Listing Status
Off Market
MLS
8808667

Short-term Rental Potential
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$48,888

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$406

Price/SQFT

Long-term Rental Potential
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$45,408

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,784/mo

Rent