Attention Investors!!! Do you desire to own an established downtown condo with the opportunity to purchase that can start generating income now? Do you want the perfect tenant already in place? Are you ready to buy but not ready to move in until next year? This large one bedroom condo is ready to purchase now with an existing lease in place through April 2026. You can purchase now and have rent guaranteed until next year! This is a perfect turn key, value add opportunity that does not come along very often. And as of today there are no leasing permits required or long waiting periods. Let's talk about location, location, location. Investing in the Market District featuring the Flagship Whole Foods store across the street, Starbucks on the corner, Trader Joe's, the Seaholm District, Austin Public Library & Lady Bird Trail is a great value! Austin's first point tower offers the largest one bedroom in the community! There are only 8 condos on this floor which provide privacy and easy access to the elevator. An oversized balcony is located off the master bedroom which features floor to ceiling windows and expansive views of west Austin and downtown. The living room also features floor to ceiling windows with beautiful city views of downtown each evening. California closets in the living area, kitchen and bedroom offer extra storage and convenience. Stainless appliances include gas stove, ventahood, Bosch dishwasher and Bosch refrigerator with a new washer and dryer. HOA dues include gas, water, sewer, valet trash, recycling and one access entry reserved garage parking space. The amenities are conveniently located on floor five include a rooftop 75 foot lap pool with shade areas, 2 outdoor grills, remodeled 24/7 fitness center, 24/7 front desk friendly staff, large owner's lounge with free WI-FI, a private dining room to order catering or the commercial kitchen if you want to cook and serve family/friends/co-workers and 2 guest suites. Call for more details.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms On Main Level: 1
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Ceiling Fan(s)
- High Ceilings
- Granite Counters
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Window Features: Window Treatments
Appliances
- Convection Oven
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Range
- Microwave
- Free-Standing Gas Range
- Refrigerator
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Washer/Dryer Stacked
- Laundry Features: In Bathroom
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central, Electric
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: Assigned, Covered, Electric Gate, Reserved
- Parking Total: 1
Exterior and Lot Features
- Patio And Porch Features: Covered
Land Info
- Lot Description: Corner Lot, Trees-Small (Under 20 Ft)
- Lot Size Acres: 69.7
- Lot Size Square Feet: 3036132
Home Features
- View: City, Downtown, Panoramic, Skyline
- Security Features: Fire Alarm, Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
Homeowners Association
- Association: Yes
- Association Fee: 495
- Association Fee Frequency: Monthly
- Association Fee Includes: Common Area Maintenance, Gas, Water, Maintenance Grounds, Parking, Sewer, Trash
- Calculated Total Monthly Association Fees: 495
- Association Name: Spring Austin Owners Association
School Information
- Elementary School: Mathews
- High School: Austin
- High School District: Austin ISD
- Middle School: O Henry
- School District: Austin ISD
Amenities and Community Features
- Community Features: Concierge, Electronic Payments, Fitness Center, Google Fiber, Kitchen Facilities, Pool, Recycling Area/Center, Trash Pickup - Door to Door
Other Property Info
- Annual Tax Amount: 8171.489999999
- Source Listing Status: Active
- Tax Exemptions: Homestead
- County: Travis
- Directions: N. on Lamar, Right on W. 5th, Right on Bowie. On the corner of 5th and Bowie.
- Tax Year: 2025
- Restrictions: Covenant, Lease
- Source Property Type: Residential
- Distance To Water Comments: Less Than 1 Mile
- Area: DT
- Property Subtype: condo
- Source Neighborhood: Spring Condo Amd
- Ownership Type: Fee-Simple
- Parcel Number: 01070022460000
- Subdivision: Spring Condo Amd
- Flood Plain: No
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 698
- Year Built: 2007
- Construction Materials: Concrete, Glass
- Direction Faces: North
- Foundation Details: Concrete Perimeter
- Levels: One
- Living Area Source: Public Records
- Property Age: 18
- Property Condition: Resale
- Roof: Membrane
- House Style: Single level Floor Plan, Tower (14+ Stories)
- Total Area Sqft: 698
- Year Built Source: Public Records
Utilities
- Sewer: Public Sewer
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source: Public