Views - Golf Course
Address
4006 Avenue C Avenue Austin, TX
Price
$ 3,200,000
Property Attributes
  • MLS#8879926
  • TypeIncome
  • CountyTRAVIS
  • CityAustin
  • Area4
  • NeighborhoodHyde Park Add 02
  • Zip78751
  • StyleQuadruplex
  • Year Built1929
  • Taxes$ 16052
  • Price$ 3,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5638
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Horizon Realty
Data Source:
Austin Board of REALTORS
Property Description

Be the owner of this one-of-a-kind property in Hyde Parks 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 HVACs. 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)

Elementary School Middle School High School
Lee Elementary School Kealing Middle School McCallum High School
Price History
5/26/2021 Listed $3,200,000

General Features

Accessibility AccessibleFullBath, CentralLivingArea, AccessibleHallways
Appliances Dryer, Dishwasher, ExhaustFan, Disposal, GasRange, GasWaterHeater, Microwave, Refrigerator, TanklessWaterHeater, Washer
Association Y/N No
Community Features BicycleStorage, CommunityMailbox, Curbs
Elementary School Lee
Energy Efficient HVAC, Insulation, Lighting, Materials, Thermostat, WaterHeater, Windows
Exterior Features ExteriorSteps
Flooring Concrete, Tile, Wood
Garage Spaces 0.0
Green Sustainability SalvagedMaterials
Heating Central, NaturalGas
High School McCallum
High School District Austin ISD
Interior Features BreakfastBar, Bookcases, BuiltinFeatures, CeilingFans, DoubleVanity, EatinKitchen, HighCeilings, LowFlowPlumbingFixtures, NoInteriorSteps, OpenFloorplan, RecessedLighting, SoakingTub, VaultedCeilings
Levels Two
MLS Area 4
Middle/Junior High School Kealing
New Construction No
Parking Features AlleyAccess, Assigned, Concrete, OffStreet, Outside, ParkingLot, VariesbyUnit
Pets Allowed Yes
Property SubType Quadruplex
Property Type ResidentialIncome
Restrictions CityRestrictions, DeedRestrictions
Roof Composition
Sewer PublicSewer
Special Listing Conditions Standard
Terms Cash, Conventional
View Neighborhood

Interior Features

Air Conditioning Y/N Yes
Laundry Features WasherHookup, DryerHookup, GasDryerHookup, Stacked
Living Area 5638.0

Exterior Features

Covered Spaces 0.0
Fencing Fenced, FrontYard, Partial, Privacy, Wood
Foundation Details Combination, PillarPostPier, Slab
Horse Y/N Yes
Lot Features Alley, NearGolfCourse, InteriorLot, Landscaped, NativePlants, NearPublicTransit, TreesLargeSize
Lot Size Acres 0.14
Lot Size Area 0.14
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 78751

Price
AVG $1.48M
$3.2M
Taxes
AVG $13,975
$16,052
Visits
AVG 17
7
Year Built
AVG 1965
1929

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