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Continuing this week’s theme of apartment reviews…
404 Rio Grande is the oft neglected apartment complex in the core of downtown Austin. (Gmap) It doesn’t evoke the same reaction as the Monarch or AMLI on 2nd. Still, 404 Rio Grande, at the corner of West 5th and Rio Grande, has one of the best locations in downtown Austin. The rents are cheaper, too. Unlike the new high rises parking is included for you and your guests.
Don’t expect the finishes to be similar to Monarch, its next door neighbor. It would be easy to frown upon 404 Rio Grande’s faux-hardwood-laminate flooring and white appliances while paying a substantial rent. Washer and dryer are not included. Still, the loft style design of AMLI is not preferred by everyone, and 404 Rio Grande’s units are cozy – ultimately you are paying for location.
So, if your budget or desires don’t call for a 24-hour concierge or loft-like design, you might consider 404 Rio Grande. After incentives, which constantly change at every building, one-bedrooms begin around $1300 and two-bedrooms around $1900. The biggest challenge for a renter interested in 404 Rio Grande is availability. 404 Rio Grande has been fully occupied for a couple of years so, unlike the new high rises, availability depends on someone moving out.
If you are considering a move downtown, feel free to give me a call!
Jude Galligan, Downtown Austin Realtor
judegalligan [@] gmail.com