Imagine owning your first home in one of Austins most sought-after neighborhoodswithout breaking the bank. Industry Soma offers an incredible opportunity for first-time homebuyers to secure a beautiful, modern 3-bedroom, 1.5-bathroom condominium at an affordable price. Nestled near the intersection of Menchaca Rd and William Cannon, this community blends convenience, comfort, and affordability. Whether you're looking for easy access to shopping, dining, or outdoor spaces, this location has it all. ? Affordable Homeownership Designed specifically for first-time buyers who qualify under the City of Austins Affordable Housing Program. ? Spacious & Modern Thoughtfully designed 3-bed, 1.5-bath layout perfect for families, professionals, or anyone looking to put down roots. ? Guaranteed Long-Term Affordability With city-set resale and rental restrictions, this program ensures homes remain affordable for future buyers as well. ? Exclusive Mortgage Benefits A list of qualified lenders for this program offers: $0 Down Payment Lower Interest Rates No Private Mortgage Insurance (PMI) Required Resale Restrictions: If you decide to sell in the future, the resale price will be subject to City of Austin guidelines to keep the home affordable for future buyers. Rental Restrictions: These units must be owner-occupied and cannot be rented out, ensuring the community remains accessible to first-time homeowners. Limited Availability Act Fast! ?? Only 23 units available first-come, first-served basis! Who Qualified This opportunity is exclusively for first-time homebuyers who meet the City of Austins Median Family Income (MFI) eligibility requirements. If youve been dreaming of owning a home but worried about affordability, this program makes homeownership possible! Applications, program details, and resale restrictions can be found in the attached document.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Appliances
- Laundry Features: Laundry Closet
Interior Features
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: Attached
- Parking Total: 1
Land Info
- Lot Description: Back Yard
- Lot Size Acres: 0.0415
- Lot Size Square Feet: 1808
Homeowners Association
- Association: Yes
- Association Fee: 230
- Association Fee Frequency: Monthly
- Association Fee Includes: Common Area Maintenance, Insurance, Landscaping
- Calculated Total Monthly Association Fees: 230
- Association Name: Soma Industry
School Information
- Elementary School: Menchaca
- High School: Akins
- High School District: Austin ISD
- Middle School: Pearce Middle
- School District: Austin ISD
Other Property Info
- Annual Tax Amount: 1009.320000000
- Source Listing Status: Active
- Tax Exemptions: Homestead
- County: Travis
- Directions: From Downtown Austin: Take S 1st St or Lamar Blvd south. Turn right on W Ben White Blvd (TX-71 W/US-290 W). Exit toward Menchaca Rd and turn left onto Menchaca Rd. Turn right on Keilbar Ln. The destination 1905 Keilbar Ln will be on your right. From Austin-Bergstrom International Airport: Take TX-71 W toward Austin. Merge onto I-35 S toward San Antonio. Exit W Ben White Blvd (TX-71 W/US-290 W). Take the Menchaca Rd exit and turn left onto Menchaca Rd. Turn right on Keilbar Ln. The destination will be on your right.
- Tax Year: 2024
- Restrictions: City Restrictions, Deed Restrictions, Lease
- Source Property Type: Residential
- Area: SWE
- Property Subtype: condo
- Source Neighborhood: INDUSTRY SOMA CONDOMINUIMS
- Parcel Number: 04221508020000
- Subdivision: INDUSTRY SOMA CONDOMINUIMS
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1035
- Year Built: 2025
- Builder Name: Citadel Development
- Construction Materials: Cement Siding
- Direction Faces: Northeast
- Foundation Details: Slab
- Levels: Two
- Living Area Source: Public Records
- New Construction: Yes
- Property Condition: New Construction
- Roof: Shingle
- House Style: 1st Floor Entry
- Total Area Sqft: 1035
- Year Built Source: Builder
Utilities
- Sewer: Public Sewer
- Water Source: Public
Home Features
- Green Energy Efficient: Construction