$ 1,950,000
516 E 40th ST Austin, TX 78751
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,950,000
Est. payment /mo
Price Dropped by $10K
516 E 40th ST Austin, TX 78751
3,960 SqFt
UPDATED:
11/20/2024 08:43 PM
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $492
Subdivision Oaklawn Add
MLS Listing ID 2871159
Originating Board actris
Year Built 1972
Tax Year 2023
Lot Size 7,143 Sqft
Acres 0.164
Property Description
For Sale: "40 Hyde Park", a consistent money maker, 10 unit apt complex on 40th St, literally located a chip shot away from the 8th green at Hancock Golf Course. Professionally managed with 6 units as long term rentals and units 101,201,203,204 leased as licensed Short Terms Rentals (Air Bnb with excellent reviews!).units 101,201,204,205 have City of Austin STR licenses in place, a 2023 income statement is attached for these 4 Short Term Rental units, as well as a rent roll and 2023 income statement for the other 6 units that are under longterm (none longer than 1 year) leases.All units have separate electric meters. Many updates throughout the various units including several recent appliance replacements. Bldg has a common area washer/dryer lease in place that provides additional income (tenants pay by card or app and vendor collects/disburses to building owner quarterly). NOTE: 204 and 205 just leased on one year leases and 101 and 201 currently available for year long leases, Jan 1 availability.
Location
State TX
County Travis
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Exterior
Utilities Available Above Ground, Cable Connected, Electricity Connected, High Speed Internet, Natural Gas Connected
Waterfront No
View None
Total Parking Spaces 10
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonry – All Sides
New Construction No
Others
Special Listing Condition See Remarks
Listed by Austin Home Source