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4006 Avenue C Ave

Austin, TX 78751
  • $3,200,000
  • STATUS: Active Under Contract
  • MLS #: 8879926
Under Contract
$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: 2021-08-03T00:24:45.747.
www.thebarrientosgroup.com/homes/117597522
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4006 Avenue C Ave Austin, TX 78751

  • Price: $3,200,000
  • Status: Active Under Contract
  • MLS #: 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: 2021-08-03T00:24:45.747.
 
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The Barrientos Group - All City Real Estate
1900 E Elms Rd
Killeen TX, 76542