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$599,999

40 N Interstate 35 Apt 2c1, Austin, TX, 78701

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,288 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$465.84 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesBuilt In Oven, Built In Refrigerator, Cooktop, Dishwasher, Microwave, Stainless Steel Appliances, Wine Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony

Building Information

Garage Spaces2

About this property

Set in the heart of downtown Austin, this beautifully updated 2-bedroom, 2-bathroom residence at The Towers of Town Lake delivers an elevated lock-and-leave lifestyle in an unbeatable location. Step outside and you’re minutes from the energy of Rainey Street, but far enough away to enjoy peace and quiet if that's what you prefer. It is the best of both worlds. Enjoy downtown dining and entertainment, and the Town Lake Trail, with Lady Bird Lake just beyond for paddle boarding, kayaking, and afternoons on the water. Inside, a bright, open floor plan is framed by floor-to-ceiling glass and high-end finishes throughout. The chef’s kitchen is designed for both everyday living and entertaining, featuring a large center island, Leicht cabinetry, built-in Wolf cooktop, wall oven, Scotsman ice maker and integrated Thermador refrigerator. Just off the living area, a built-in bar with mini fridge makes hosting effortless. Floor-to-ceiling sliding glass doors extend the living space to a large private balcony, creating an inviting connection between indoor and outdoor living. The spacious primary suite offers a private retreat with a spa-like ensuite bath, complete with dual vanity, walk-in shower, and generous walk-in closet. Residents of The Towers enjoy an exceptional collection of amenities, including indoor and outdoor pools, fitness center, racquetball court, sauna, community lounge, secure garage parking, and 24-hour concierge service. With downtown Austin, the lake, trails, and Rainey Street all within reach, this is city living at it's best.

Investor Tools

$0Estimated Mortgage Balance
$381,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

Interested in this property?

Michael Frost

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$574/month
$1,010/month
5.947%

City: Austin