5208 Evans Ave 2, Austin, TX 78751

$705,000 Asking Price

2 beds
3 baths
1,098  sqft
Built in 2023

2023 Constructed Modern 2 bd/2.5 bath Condominium located in Central Austin's historic North Loop neighborhood that shares not just its boundaries but all of its charms with the historic Hyde Park area. Close to Downtown Austin, Hyde Park and UT! Enjoy the amazing and frequent Events at Mueller approximately 5 Minutes away. Stainless steel appliances, kitchen with quartz countertops, en-suite modern bathrooms with walk-in frameless glass showers, high ceilings, modern lighting and fan fixtures, privacy fence with remote controlled sliding gate for security, landscaping, gutters, a large 2-car carport and a huge shaded yard. Enjoy those sunsets on a huge balcony with designer outdoor tiles. Walking distance to shops, bars, and restaurants including Home Slice Pizza across the paved alley, and FlightPath Cafe a block away. House is part of a 2-unit Condo Regime but shares no walls or utilities so lives like a true single family home. The house has a long-term tenant until May 31, 2025 but its best value is captured with a short-term rental that is estimated to yield incredible annual cash flows with a cap rate exceeding 7%. This is an investor's dream property.

Features & Amenities

Interior

General:
Two Primary Baths, Quartz Counters, Electric Dryer Hookup, Gas Dryer Hookup, Pantry, Recessed Lighting, Washer Hookup
Appliances:
Dishwasher, Free-Standing Gas Range, Refrigerator
Laundry:
Laundry Closet
Flooring:
Concrete, Wood
A/C:
Central Air
Heating:
Central
Fireplace:
Fireplaces: 0
Eco/Green Feature:
None, None

Exterior

General:
Balcony, Gutters Full, Private Entrance, Private Yard
Other Structures:
Front Porch
Pool:
None
Parking:
Carport, Parking spaces: 2

Construction

Roofing:
Shingle
Windows:
Double Pane Windows
General:
Two, Slab

Location

HOA Amenities:
See Remarks, 0.0
Originating MLS:
actris
School District:
Austin ISD
County:
Travis

Lot

Zoning:
UNIT 2 5208 EVANS AVENUE SITE CONDOMINIUMS 50%INT IN COMMON AREA, 5208 Evans Ave #2
View:
None
Fencing:
Perimeter

Utilities

Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
actris

This listing courtesy of:
Central Metro Realty, Dharmesh Jawarani

About Austin, TX

Housing

Number of Units
523,644
Median Home Value
$435,027
Median Rent
$1,253

52.82% of housing units are renter occupied.

7.09% are vacant.

Commute

Car
53.46%
Public Transportation
1.78%
Walk to Work
1.73%
Work from Home
41.61%
Other
0.53%

The median travel time to work is 16 minutes.

People

Population
1,163,161
Median Age
35.90
Median Household Size
2.60

Education

High School
14.31%
Associate’s Degree
5.38%
Bachelor’s Degree
34.89%
Graduate Degree
21.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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