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    4006 Avenue C Ave

    Austin, TX 78751
    • $3,200,000
    • STATUS: Active
    • ID#: 8879926
    UPDATED: 26 min ago
    $3,200,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,638
      SQFT
    • $568
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:
    Area:

    School Information

    Elementary School:
    Lee
    Middle School:
    High School:
    School District:

    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)

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    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-21T20:25:39.76.
    austin.papasanproperties.com/homes/117597522
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    4006 Avenue C Ave Austin, TX 78751

    • Price: $3,200,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: 8879926
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,638
    SQFT
    $568
    $/SQFT
    1929
    Built
    Neighborhood:
    Hyde Park Add 02
    County:
    Travis
    Area:
    Austin
    Elementary School:
    Lee
    Middle School:
    Kealing
    High School:
    Mccallum
    School District:
    Austin ISD
    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)
    Exterior Features

    Attached Garage YN No Construction Materials Hardiplank TypeAttic/Crawl Hatchway(S) InsulatedSpray Foam InsulationBoard & Batten SidingWood Siding Covered Spaces 0 Direction Faces East Exterior Features Exterior Steps Fencing FencedFront YardPartialPrivacyWood Foundation Details CombinationPillar/Post/PierSlab Garage Spaces 0 Garage YN No Levels Two Lot Features Alley AccessCurbsInterior LotLandscapedNative PlantsNear Golf CourseNear Public TransitTrees-Large (Over 40 Ft) Other Structures None Parking Features Alley AccessAssignedConcreteOff StreetOutsideParking LotVaries By Unit Patio And Porch Features CoveredFront PorchPorchSide Porch Roof Composition View Neighborhood Waterfront YN No

    Interior Features

    Appliances DishwasherDisposalExhaust FanGas RangeMicrowaveRefrigeratorTankless Water HeaterWasher/DryerWater Heater-Gas Cooling Ceiling Fan(S)Central Air Fireplaces Total 0 Flooring ConcreteTileWood Heating CentralNatural Gas Interior Features BookcasesBreakfast BarBuilt-In FeaturesCeiling Fan(S)High CeilingsVaulted Ceiling(S)Double VanityGas Dryer HookupEat-In KitchenLow Flow Plumbing FixturesNatural WoodworkNo Interior StepsOpen FloorplanRecessed LightingSoaking TubStackable W/D ConnectionsWasher Hookup Laundry Location In Unit Unit Room Type Primary BedroomBathroomKitchenLiving Room Window Features BlindsEnergy Star Qualified WindowsLow Emissivity WindowsSkylightWood Frames

    Property Features

    Accessibility Features Central Living AreaAccessible Full BathAccessible Hallway(S) Association YN No Community Features Bike Storage/LockerCluster MailboxCurbs Elementary Other Maplewood Estimated Taxes 19714 Horse YN Yes Listing Terms CashConventional New Construction YN No Pets Allowed Yes Property Condition Historic DesignUpdated/RemodeledSee Remarks Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 16052 Utilities Above GroundCable AvailableElectricity AvailableInternet-CableNatural Gas AvailableSewer ConnectedWater Connected Water Source Public

    Property listed by Horizon Realty.


    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-21T20:25:39.76.
     
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    Papasan Real Estate Team @ Keller Williams Realty
    1801 S. Mopac Expwy, Ste 100
    Austin TX, 78746