$3,200,000
4004 Avenue C Avenue, Austin, TX
5,638
Square feet
0.14
Acres
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 run-down multi-family residence to become a show stopper of modern efficiency and design. Unit Mix: 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 ~11% increase in rents over first year leases. The majority of original tenants remain touting a robust 63% renewal rate. 100% occupancy. Pets are limited but deposits are hefty and pet rents are in place. 4004 AVENUE C MUST SELL SIMULTANEOUSLY WITH 4006 AVENUE C. LIST PRICE IS FOR BOTH PROPERTIES COMBINED. (MLS #8879926, #8088523) Gross Annual Rent ~ $189,000 BROCHURE ATTACHED. MORE PHOTOS, VIRTUAL TOUR AND FLOORPLANS ON PROPERTY WEBSITE.
Facts & Features
ListingFeed | abor_vow |
---|---|
MLS® # | 8088523 |
List Price | $3,200,000 |
Sale Price | $2,850,000 |
Sale Date | August 3rd, 2021 |
Bathrooms | 0.00 |
Square Footage | 5,638 |
Acres | 0.14 |
Year Built | 1929 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Closed |
Community Information
Address | 4004 Avenue C Avenue |
---|---|
Subdivision | Hyde Park Add 02 |
City | Austin |
County | Travis |
State | TX |
Zip Code | 78751 |
Amenities
Utilities | Above Ground Utilities, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available, None, Water Connected |
---|---|
Features | Bicycle Storage, Community Mailbox, Curbs |
Parking | Alley Access, Assigned, Concrete, Off Street, Outside |
View | Neighborhood |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Concrete, Tile, Wood |
---|---|
Appliances | Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer |
Heating | Central, Natural Gas |
Cooling | Central Air, Ceiling Fan(s) |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Exterior Features | Exterior Steps, Private Yard |
---|---|
Lot Description | Alley, Near Golf Course, Interior Lot, Landscaped, Native Plants, Near Public Transit, Trees Large Size |
Windows | Blinds, Insulated Windows, Low Emissivity Windows, Skylight(s), Wood Frames |
Roof | Composition |
Construction | Attic/Crawl Hatchway(s) Insulated, Board & Batten Siding, HardiPlank Type, Concrete, Spray Foam Insulation, Wood Siding |
Foundation | Pillar/Post/Pier, Slab |
School Information
District | Austin ISD |
---|---|
Elementary | Lee |
Middle | Kealing |
High | McCallum |
Additional Information
Foreclosure | No |
---|---|
Short Sale | No |
RE / Bank Owned | No |