4004 Avenue C

Austin, TX 78751

$3,200,000
Last List Price
5
Beds
4
Baths
5,638 Sq. Ft.
$568 / Sq. Ft.
5,638
Sq. Ft.
$568
per Sq. Ft.

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 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...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.
  1. Listed by Molly Parks • TREC #0487563 • Horizon Realty

Property Details for 4004 Avenue C

Subdivision Name
Hyde Park Add 02
Waterfront
No
View
Neighborhood
Pets Allowed
Yes
Parcel Number
02190509120000
Tax Lot
23
Tax Block
6
Elementary School
Lee

Location

Listing Courtesy of Horizon Realty, Molly Parks, TREC #0487563

Sold By Keller Williams Realty, David Voorhees, TREC #0661519

Add your commute
LISTING UPDATED: 08/04/2021 04:50 AM

Property Details for 4004 Avenue C

StatusClosed
MLS #8088523
Days on Market44
Taxes$15,792 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1929
Lot Size0.14 AC / 5,968 SF
CountyTravis County

Location

Listing Courtesy of Horizon Realty, Molly Parks, TREC #0487563

Sold By Keller Williams Realty, David Voorhees, TREC #0661519

Add your commute

Building Information for 4004 Avenue C

Stories2Residences-Year Built1929Building Size-Lot Size0.14 AC / 5,968 SF

Payment Calculator

$18,780 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$1,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4004 Avenue C

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 5
  • Parking Features: Alley Access, Assigned, Concrete, Off Street, Outside
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Breakfast Bar, Bookcases, Built-in Features, Ceiling Fan(s), High Ceilings, Low Flow Plumbing Fixtures, No Interior Steps, Open Floorplan, Recessed Lighting, Soaking Tub, Vaulted Ceiling(s), Natural Woodwork
  • Flooring: Concrete, Tile, Wood
Exterior
  • Exterior Features: Exterior Steps, Private Yard
  • New Construction: No
  • Construction Materials: Attic/Crawl Hatchway(s) Insulated, Board & Batten Siding, HardiPlank Type, Concrete, Spray Foam Insulation, Wood Siding
  • Foundation Details: Pillar/Post/Pier, Slab
  • Patio And Porch Features: Covered
  • Roof: Composition
  • Fencing: Fenced, Privacy, Wood
  • Direction Faces: East
  • Window Features: Blinds, Insulated Windows, Low Emissivity Windows, Skylight(s), Wood Frames
  • Accessibility Features: See Remarks
  • Community Features: Bicycle Storage, Community Mailbox, Curbs
Property Information
Lot Information
  • Lot Features: Alley, Near Golf Course, Interior Lot, Landscaped, Native Plants, Near Public Transit, Trees Large Size
  • Horse: Yes
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating YN: Yes
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available, None, Water Connected
  • Owner Pays: Pest Control
  • Water Source: Public
Green Features
  • Green Energy Efficient: Appliances, Construction, HVAC, Insulation, Lighting, Water Heater, Windows
  • Green Sustainability: Salvaged Materials
Unit Information
Unit 1
  • UnitNum: A
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,700.00
  • LeasedYN: Yes
  • LeaseExpires: 10-31-2021
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: B
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $2,025.00
  • LeasedYN: Yes
  • LeaseExpires: 12-31-2021
  • PetDeposit: $500.00
  • PetDepositPerPetYN: No
  • Deposit: $1,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: C
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,980.00
  • LeasedYN: Yes
  • LeaseExpires: 04-30-2022
  • PetDeposit: $500.00
  • PetDepositPerPetYN: No
  • Deposit: $1,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 4
  • UnitNum: D
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $2,090.00
  • LeasedYN: Yes
  • LeaseExpires: 05-31-2022
  • PetDeposit: $1,000.00
  • PetDepositPerPetYN: No
  • Deposit: $2,000.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $736,274
  • Tax Year: 2020
  • Tax Rate: 2.14%
Showing Information
Showing Information
  • Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • 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.

Property History for 4004 Avenue C

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4004 Avenue C

Taxable ValueLand$550,000Additions$353,787Total$903,787
Tax Record2022$22,585 ($1,882 / month)
Home Facts
Total Finished SqFt2,749 SqFtAbove Grade Finished SqFt2,749 SqFtStories2Lot Size5,963 SqFtStyleQuadraplexYear Built1929CountyTRAVISAPN0219050912

Schools near 4004 Avenue C

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Lee Elementary School
PublicK to 6

Kealing Middle School
Public6 to 8

Mccallum High School
Public9 to 12

Rosedale
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horizon Realty, Molly Parks, TREC #0487563

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.