Property Description:

 Apartments at 12210 Tech Ridge Blvd, Austin, TX 78753 offers luxury studio, 1-bedroom, and 2-bedroom apartments with resort-style amenities and a prime location. With approximately 200 units available, residents can enjoy a high-end lifestyle with access to top-tier entertainment, fitness, and social spaces. Located just 12 miles (a 20-minute drive) from downtown Austin, this community provides a perfect balance of convenience and tranquility.

Investment Highlights

• Studio Apartments: Rent: $1,485 - $1,510
• 1-Bedroom Apartments: Rent: $1,657 - $1,890
• 2-Bedroom Apartments: Rent: $2,399 - $2,587 | Annual Revenue: $56,100+ | Monthly Profit: $1,976+
• Can start with 5 units and add on as needed
• Deposit: $150 (Studio & 1-Bedroom), $250 (2-Bedroom)
• Monthly Fees: $145 (Includes internet, valet trash, renters insurance, pest control, and amenity fee)
• Gas & Water Billed Separately | Electricity to be Sourced by Tenant
• Unfurnished Units

Apartment Features

• 9-Foot Ceilings
• Upscale Finishes & Quartz Countertops
• Stainless Steel Appliances
• Front Control Ranges
• Wood-Style Flooring Throughout
• Walk-In Closets with Built-In Shelving
• Built-In Desks (Select Units)
• Full-Size Washer & Dryer Included
• Endless Hot Water System
• Alexa-Compatible Smart Features

Community Amenities

• Expansive Club Room with Café Bar
• Cinema Lounge
• Golf Simulator
• Resort-Style Pool with Lux Zero-Edge Design
• Conditioned Corridors with Elevators
• Dedicated Parkland with Creekside Walking Trails
• Co-Working Spaces & Conference Rooms
• Package Lockers for Secure Deliveries
• Fitness Center & Yoga Studio
• Zen Courtyard & Fire Pits
• Outdoor Kitchen & Lounge Spaces
• Dog Park & Parkland Views

Nearby Attractions & Distances

• Downtown Austin: 12 miles (20-minute drive)
• The Domain Shopping District: 6 miles (12-minute drive)
• Apple Campus: 7 miles (15-minute drive)
• Q2 Stadium (Austin FC Soccer): 8 miles (15-minute drive)
• Austin-Bergstrom International Airport: 17 miles (25-minute drive)
• Tech Ridge Center (Shopping & Dining): 1 mile (5-minute drive)

Rental Terms & Fees

• Lease Length: 1 Year+
• Security Deposit: $150 (Studio & 1-Bedroom), $250 (2-Bedroom)
• Application Fee: TBD
• Utilities: Gas & Water Billed Separately | Electricity to be Sourced by Tenant
• Monthly Fees: $145 (Internet, Valet Trash, Renters Insurance, Pest Control, Amenity Fee)
• 10 weeks free rent on select units

Non-owner occupied short-term rentals (STRs) in Austin, Texas, known as Type 2 STRs, are subject to specific regulations as of February 2025:Licensing:

• Type 2 STRs require an annual operating license from the city1.
• A federal judge recently struck down part of Austin's STR law, allowing Type 2 licenses in residential areas for properties owned before the 2016 ordinance1.
• The city is updating its online application process for Type 2 licenses in residential zones1.

Location Restrictions:

• Type 2 STRs are typically found in commercial areas1.
• Recent legal changes may allow some Type 2 STRs in residential areas, subject to specific conditions1.

Operational Requirements:

• Operators must provide proof of property insurance2.
• A local contact's name, address, and phone number must be provided2.
• Compliance with occupancy limits, noise restrictions, and parking regulations is mandatory2.
• Operators must follow trash collection schedules and water restrictions2.
• An information package must be posted in the common area of each STR unit2.

Taxes:

• Austin collects a hotel occupancy tax of 11% on STRs2.
• The city is considering new rules to require rental platforms to collect hotel occupancy taxes7.

Upcoming Changes:

• The city is proposing an overhaul of STR regulations to achieve better compliance with licensing requirements and increase tax collection3.
• Public hearings are scheduled for February 2025 to discuss proposed code amendments4.
• New policies may reshape Austin neighborhoods and add regulations for STR owners78.

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