$3,200,000
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4004 Avenue C Ave Austin, TX 78751
5,638 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,638 sqft
Price per Sqft $505
Subdivision Hyde Park Add 02
MLS Listing ID 8088523
Sold Date 08/03/21
Originating Board actris
Year Built 1929
Annual Tax Amount $15,792
Tax Year 2020
Lot Size 5,967 Sqft
Property 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 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.
Location
State TX
County Travis
Interior
Interior Features Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s), Gas Dryer Hookup, Low Flow Plumbing Fixtures, Natural Woodwork, No Interior Steps, Open Floorplan, Recessed Lighting, Soaking Tub, Stackable W/D Connections, Washer Hookup
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Concrete, Tile, Wood
Fireplace Y
Appliance Dishwasher, Disposal, Exhaust Fan, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
Exterior
Exterior Feature Exterior Steps, Private Yard
Fence Fenced, Privacy, Wood
Community Features Bike Storage/Locker, Cluster Mailbox
Utilities Available Above Ground, Cable Available, Cable Connected, Electricity Connected, High Speed Internet, Natural Gas Connected, None Available, Water Connected
View Neighborhood
Roof Type Composition
Accessibility See Remarks
Porch Covered
Total Parking Spaces 5
Building
Lot Description Alley, Curbs, Interior Lot, Landscaped, Native Plants, Near Golf Course, Near Public Transit, Trees-Large (Over 40 Ft)
Faces East
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Concrete,HardiPlank Type,Attic/Crawl Hatchway(s) Insulated,Spray Foam Insulation,Board & Batten Siding,Wood Siding
New Construction No
Schools
Elementary Schools Lee
Middle Schools Kealing
High Schools Mccallum
Others
Pets Allowed Yes
Restrictions City Restrictions,Deed Restrictions
Acceptable Financing Cash, Conventional
Tax Rate 2.14486
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed Yes
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Bought with Keller Williams Realty