Austin Condo with Stunning
For Sale
$175,000
Pending
6000 Shepherd Mountain CV 2202, Austin, TX 78730
Charming 1-bedroom condo with resort-style amenities and convenient location.
Property Size706 SF
Lot Size0.14 Acres
Days on Market593
Property Features for 6000 Shepherd Mountain CV 2202
General Information
Standard status
Pending
Size
706 SF
Lot size
0.14 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$6,229
Building Details
Year Built
1992
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Alex McCormick · License #0603023
(512) 762-4397
Source:
Exitrealty
Added: Mar 6, 2025
Changed: Oct 19
Last Checked: Oct 19 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
Located in the hills of Austin, this 1-bedroom unit is situated in the Montevista Condominiums. The property features an open layout, wood flooring, built-ins, and natural light. The kitchen includes granite countertops, stainless steel appliances, and a breakfast bar. The bedroom has a closet, and the bathroom is updated. A private balcony backs up to a greenbelt and offers sunrise views. The unit includes one assigned parking spot. Montevista Condominiums provides amenities such as two pools, a spa, a gym, and a clubhouse. Hiking and biking trails, the Pennybacker Bridge, and a boat and paddleboard launch are nearby. With access to Hwy 360 & 2222, the Arboretum, Domain, and downtown Austin are easily accessible. The property size is 706 square feet.
Key Highlights
- Breathtaking views and private balcony backing to a lush greenbelt.
- Enjoy resort‑style amenities: two pools, spa, gym, and clubhouse.
- Convenient location: minutes from Lake Austin, Arboretum, Domain, and downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,586
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,720
$191.7K
Cap Rate 7%
$136,943
$136.9K
Cap Rate 9%
$106,511
$106.5K
Market Conditions
NOI Build-Up for 706 SF
Gross rent
$18.4K $26.04/SF
− Vacancy
−$956 −$1.35/SF
EGI
$17.4K $24.69/SF
− OpEx
−$7.8K −$11.11/SF
NOI
$9.6K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,720
Cap Rate 7%
$136,943
Cap Rate 9%
$106,511
Alternative Uses
Best Use
Apartment 5plus
$136.9K
$119.8K – $159.8K
NOI $9,586 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.7K
$242.1K – $322.8K
NOI $19,366 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 78730, TX
9,403
Population
4,480
Households
2.1
Avg Household Size
40
Median Age
73%
College-Educated
99%
High-School Grad
15.1 sq mi
ZIP Area
623
Density / Sq Mi
$146,450
Median Household Income
$78,194
Median Earnings
$1,734
Median Rent
$1,019,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Charming 1-bedroom condo with resort-style amenities and convenient location.
Where is this residential income property located?
The property is located at 6000 Shepherd Mountain CV 2202 Austin, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Breathtaking views and private balcony backing to a lush greenbelt.; Enjoy resort‑style amenities: two pools, spa, gym, and clubhouse.; Convenient location: minutes from Lake Austin, Arboretum, Domain, and downtown.
