$3,200,000

4006 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. Gross Annual Rent ~ $189,000 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)

Facts & Features

ListingFeed abor_vow
MLS® # 8879926
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 4006 Avenue C Avenue
Subdivision Hyde Park Add 02
City Austin
County Travis
State TX
Zip Code 78751

Amenities

Utilities Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected, Water Connected
Features Bicycle Storage, Community Mailbox, Curbs
Parking Alley Access, Assigned, Concrete, Off Street, Outside, Parking Lot, Varies by Unit
View Neighborhood
Is Waterfront No
Has Pool No

Interior

Interior Concrete, Tile, Wood
Appliances Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, 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
Lot Description Alley, Near Golf Course, Interior Lot, Landscaped, Native Plants, Near Public Transit, Trees Large Size
Windows Blinds, ENERGY STAR Qualified Windows, Low Emissivity Windows, Skylight(s), Wood Frames
Roof Composition
Construction Attic/Crawl Hatchway(s) Insulated, Board & Batten Siding, HardiPlank Type, Spray Foam Insulation, Wood Siding
Foundation Combination, 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

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