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    4004 Avenue C Ave

    Austin, TX 78751
    • $3,200,000
    • STATUS: Active Under Contract
    • MLS #: 8088523
    Under Contract
    UPDATED: 164 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. 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.

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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: 2021-08-03T00:24:45.747.
    www.thebarrientosgroup.com/homes/117597520
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    4004 Avenue C Ave Austin, TX 78751

    • Price: $3,200,000
    • Status: Active Under Contract
    • Updated: 164 min ago
    • MLS #: 8088523
    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. 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.
    Exterior Features

    Attached Garage YN No Construction Materials ConcreteHardiplank TypeAttic/Crawl Hatchway(S) InsulatedSpray Foam InsulationBoard & Batten SidingWood Siding Covered Spaces 0 Direction Faces East Exterior Features Exterior StepsPrivate Yard Fencing FencedPrivacyWood Foundation Details Pillar/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 StreetOutside Patio And Porch Features Covered Roof Composition View Neighborhood Waterfront YN No

    Interior Features

    Appliances DishwasherDisposalExhaust FanGas RangeMicrowaveRefrigeratorTankless Water HeaterWasher/Dryer 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)Gas Dryer HookupLow Flow Plumbing FixturesNatural WoodworkNo Interior StepsOpen FloorplanRecessed LightingSoaking TubStackable W/D ConnectionsWasher Hookup Laundry Location In Unit Unit Room Type Primary BathroomKitchenLaundryLiving Room Window Features BlindsInsulated WindowsLow Emissivity WindowsSkylightWood Frames

    Property Features

    Accessibility Features See Remarks Association YN No Community Features Bike Storage/LockerCluster Mailbox Elementary Other Maplewood Estimated Taxes 19343 Horse YN Yes Listing Terms CashConventional New Construction YN No Pets Allowed Yes Property Condition Historic DesignResaleUpdated/Remodeled Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 15792 Utilities Above GroundCable AvailableCable ConnectedElectricity ConnectedInternet-CableNatural Gas ConnectedNone AvailableWater 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: 2021-08-03T00:24:45.747.
     
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    Killeen TX, 76542