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 decrepit multi-family residence to become a show stopper of modern efficiency and design. Two properties together offer 8 total residences. 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 ~5% increase in rents over first year leases. The majority of original tenants remain touting a robust 63% renewal rate. 100& occupancy as of 11/15/20. Pets are limited but deposits are hefty and pet rents are in place. MORE PHOTOS AND FLOORPLANS ON PROPERTY WEBSITE. https://www.cribflyer.com/4004-4006-avenue-c
Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected, Water Connected
Bicycle Storage, Community Mailbox, Curbs
Alley Access, Assigned, Concrete, Off Street, Outside, Parking Lot, Varies by Unit
Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Alley, Near Golf Course, Interior Lot, Landscaped, Native Plants, Near Public Transit, Trees Large Size
Blinds, ENERGY STAR Qualified Windows, Low Emissivity Windows, Skylight(s), Wood Frames
Attic/Crawl Hatchway(s) Insulated, Board & Batten Siding, HardiPlank Type, Spray Foam Insulation, Wood Siding
Combination, Pillar/Post/Pier, Slab
Property Listed by: Horizon Realty
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from March 1st, 2021 at 8:19pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. 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. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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