4006 Avenue C
4006 Avenue C
$3,200,000
5
4
5,638
5,638
$568
Closed 8/3/21
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. 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)
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)
- Listed by Molly Parks • TREC #0487563 • Horizon Realty
Property Details for 4006 Avenue C
Subdivision Name
Hyde Park Add 02
WaterfrontNo
ViewNeighborhood
Pets AllowedYes
Parcel Number02190509110000
Tax Lot25-26
Tax Block6
Elementary SchoolLee
Location
LISTING UPDATED: 08/04/2021 04:51 AM
Property Details for 4006 Avenue C
Status | Closed |
---|---|
MLS # | 8879926 |
Days on Market | 44 |
Taxes | $16,052 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1929 |
Lot Size | 0.14 AC / 5,924 SF |
County | Travis County |
Location
Building Information for 4006 Avenue C
Stories2Residences-Year Built1929Building Size-Lot Size0.14 AC / 5,924 SF
Payment Calculator
$18,801 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4006 Avenue C
Property History for 4006 Avenue C
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4006 Avenue C
Taxable ValueLand$550,000Additions$365,058Total$915,058
Tax Record2022$20,650 ($1,721 / month)
Home Facts
Total Finished SqFt2,853 SqFtAbove Grade Finished SqFt2,853 SqFtStories2Lot Size5,942 SqFtStyleQuadraplexYear Built1929CountyTRAVISAPN0219050911
Schools near 4006 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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