Multifamily For Sale

$3,200,000

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#4917949

  • – beds
  • – baths
  • 2,734 sqft
  • 5,967 sqft lot
  • $1,170 per sqft
  • 1929 build
  • on site

Be the owner of this one-of-a-kind property in Hyde Park’s Historic District. Two properties sold together for a total of 8 residential units. Two properties sold together for a total of 8 residential units. Easy property to manage, no deferred maintenance, fully leased! Avenue C underwent a painstaking but award-winning restoration and renovation in 2019, bringing a previously decrepit multi-family residence to become a show stopper of modern efficiency and design. Two properties together offer 8 total residences. 6 one bedroom/one bathroom units and 2 two bedroom/one bathroom units. 2 ground floor units are ADA accessible. 11 total parking spaces provide at least 1 parking spot per bedroom. 2 of the spots are ADA, as well. All utilities are sub-metered for the tenant to pay individually. All units are supplied with full-sized washer and dryers, a full suite of high-end kitchen appliances, tankless water heaters and 19.5 or 20.5 SEER rated HVAC’s. Tenants will delight in extra deep soaking tubs, floating vanities, vintage cabinet colors and hex tile floors, hardwood or concrete floors and tall and/or vaulted ceilings. All units deliver abundant natural light from dual paned windows and skylights. 5 of the 8 units offer tenants fenced yards. Cash flow is good with a ~5% increase in rents over first year leases. The majority of original tenants remain touting a robust 63% renewal rate. 100& occupancy as of 11/15/20. Pets are limited but deposits are hefty and pet rents are in place. BROCHURE ATTACHED. MORE PHOTOS AND FLOORPLANS ON PROPERTY WEBSITE. https://www.cribflyer.com/4004-4006-avenue-c

ABOR logo Listing courtesy of ABOR / Molly Parks / Horizon Realty

Last checked: Checking… • Last updated Feb 2, 2021 • Source: ABOR

MLS# 4917949 —

Amenities & Taxes

The Building

Year Built:
1929
New Construction:
false
Construction Materials:
Concrete
Levels:
Two
Roof:
Composition
Foundation:
Pillar/Post/Pier
Exterior Features:
Exterior Steps
Window Features:
Blinds
Patio And Porch Features:
Covered
Accessibility Features:
See Remarks
Direction Faces:
East

Interior

Interior Features:
Bookcases
Living Area:
2734
Living Area Source:
Public Records
Room Type:
Primary Bathroom
Flooring:
Concrete
Laundry Location:
In Unit

Location

Directions:
From IH35: Exit Airport Blvd-West. Turn Left on 45th. Turn Left on Avenue C. Proceed past 41st. Street. Community is on the right. From Mopac/LP1: Exit 45th-East. Go through Burnet, Lamar & Guadalupe. Turn Right on Avenue C. Proceed past 41st. Street. Community is on the right.
Latitude:
30.304572
Longitude:
-97.733712

The Property

Property Type:
Residential Income
Sub Type:
Quadruplex
Property Condition:
Historic Design
Parcel Number:
02190509120000
Lot Size Area:
0 Sqft
Lot Size Acres:
0.137
Lot Size Square Feet:
5967.72
Lot Features:
Alley Access
View:
Neighborhood
Waterfront:
false
Horse:
false
Fencing:
Fenced
Other Structures:
None
FEMA Flood Plain:
No
Sq Ft Total:
2749

Listing Agent

Contact info:

Taxes

Tax Annual Amount:
15792

The Listing

Virtual Tour
Video Tour:
Virtual Tour
Listing Terms:
Cash
Special Listing Conditions:
Standard
Occupant Type:
Tenant

Heating & Cooling

Heating:
Central
Cooling:
Ceiling Fan(s)

Utilities

Utilities:
Above Ground
Sewer:
Public Sewer
Water Source:
Public

Appliances

Appliances:
Dishwasher

Schools

Elementary School:
Lee
Elementary Other:
Maplewood
Middle Or Junior School:
Kealing
High School:
McCallum
Elementary School District:
Austin ISD
Middle Or Junior School District:
Austin ISD
High School District:
Austin ISD

The Community

Subdivision Name:
Hyde Park Add 02
Community Features:
Bike Storage/Locker
Pets Allowed:
Yes
Association:
false

Parking

Parking Features:
Alley Access
Garage:
false
Attached Garage:
false

Schools

Rating Details
7

Lee Elementary School

  • Public
  • K-6
  • 0.9 mi
8

Mccallum High School

  • Public
  • 9-12
  • 1.5 mi
7

Kealing Middle School

  • Public
  • 6-8
  • 2.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
11/16/20
Listed / Active ABOR $3,200,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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#4917949
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