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Address not disclosed Austin, TX 78751

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3200000

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0Bed

0Bath

2904SqFt

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Key Details

Property Type: Multi-Family

Sub Type: Quadruplex

Listing Status: Active

Purchase Type: For Sale

Square Footage: 2,904 sqft

Price per Sqft: $1,101

Lot Size: 6,098 Sqft

Year Built: 1929

MLS Listing ID: 1256202

Subdivision: Hyde Park Add 02

HOA Y/N: No

Property Description

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. 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. MORE PHOTOS AND FLOORPLANS ON PROPERTY WEBSITE. https://www.cribflyer.com/4004-4006-avenue-c

Location

State: TX

County: Travis

Community: Bicycle Storage,Community Mailbox,Curbs

Area: 4

Interior

Interior Features: Breakfast Bar,Bookcases,Built-in Features,Ceiling Fan(s),Double Vanity,Eat-in Kitchen,High Ceilings,Low Flow Plumbing Fixtures,No Interior Steps,Open Floorplan,Recessed Lighting,Soaking Tub,Vaulted Ceiling(s),Natural Woodwork

Laundry: Washer Hookup,Dryer Hookup,Gas Dryer Hookup,Stacked

Heating: Central,Natural Gas

Cooling: Central Air,Ceiling Fan(s)

Flooring: Concrete,Tile,Wood

Appliance: Dryer,Dishwasher,Exhaust Fan,Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator,Tankless Water Heater,Washer

Heat Source: Central,Natural Gas

Exterior

Exterior Feature: Exterior Steps

Fence: Fenced,Front Yard,Partial,Privacy,Wood

Pool: See Remarks

Community Features: Bicycle Storage,Community Mailbox,Curbs

Utilities Available: Above Ground Utilities,Cable Available,Electricity Available,Natural Gas Available,High Speed Internet Available,Sewer Connected,Water Connected

View: Neighborhood

Roof Type: Composition

Accessibility: Accessible Full Bath,Central Living Area,Accessible Hallway(s)

Parking Type: Alley Access,Assigned,Concrete,Off Street,Outside,Parking Lot,Varies by Unit

Total Parking Spaces: 6

Building

Lot Description: Alley,Near Golf Course,Interior Lot,Landscaped,Native Plants,Near Public Transit,Trees Large Size

Faces: East

Foundation: Combination,Pillar/Post/Pier,Slab

Sewer: Public Sewer

Water: Public

Level or Stories: Two

Structure Type: Exterior Steps

Schools

Elementary Schools: Lee

Middle Schools: Kealing

High Schools: Mccallum

School District: Austin Isd

Others

Pets Restrictions: Yes

Tax Amount: $16,052

Tax Year: 2020

SqFt Source: Plans

Acceptable Financing: Cash,Conventional

Special Sale: Standard

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Listing provided by Horizon Realty

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PROPERTY HISTORY

Date Event Price Source

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Stephen Kutch

 512-763-7027

Agent License ID: 712435

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