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40 Hyde Park 516 E 40th St

10 Unit Apartment Building $1,750,000 ($175,000/Unit) Austin, TX 78751

Apartment Buildings Texas Austin 516 E 40th St, Austin, TX 78751

Investment Highlights

  • adjacent to Hancock Park / Golf Course
  • Very high occupancy rate
  • close to University of Texas Law School, St. David's Hospital, University of Texas DKR Memorial Stadium

Executive Summary

For Sale: "40 Hyde Park Apartments", a high occupancy, money maker. This 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 leases..NOTE: 204 and 205 just switched to one year leases; currently listing 101 and 201 for year long leases for Jan 1 availability.

Attachments

Title Commitment
map
Survey
Rent_Roll
Executed Copy of Signed Laundry Lease for 40 Hyde Park
2023 Income_Statement

Property Facts

Price $1,750,000 Apartment Style Low Rise
Price Per Unit $175,000 Building Class C
Sale Type Investment Lot Size 0.16 AC
Sale Conditions
1031 Exchange
  • Redevelopment Project
 Building Size 3,960 SF
No. Units 10 No. Stories 2
Property Type Multifamily Year Built/Renovated 1972/2016
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 2.52/1,000 SF
Price $1,750,000
Price Per Unit $175,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,960 SF
No. Stories 2
Year Built/Renovated 1972/2016
Parking Ratio 2.52/1,000 SF

Site Amenities

  • Smoke Free
  • Bicycle Storage
  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 396
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Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 213238 Improvements Assessment $954,415
Land Assessment $391,985 Total Assessment $1,346,400

PROPERTY TAXES

Parcel Number
213238
Land Assessment
$391,985
Improvements Assessment
$954,415
Total Assessment
$1,346,400

zoning

Zoning Code SF-3-CO-NP
SF-3-CO-NP
  • John Sheppard
    John Sheppard
  • Austin Real Estate Source
(512) 472-4663

  • Listing ID: 33932019

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 516 E 40th St, Austin, TX 78751

More public record information on 516 E 40th St, Austin, TX 78751

The Hyde Park Multifamily Property at 516 E 40th St, Austin, TX 78751 is currently available. Contact Austin Real Estate Source for more information.

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40 Hyde Park | 516 E 40th St
(512) 472-4663 x

40 Hyde Park | 516 E 40th St

John Sheppard

(512) 472-4663

(512) 472-4663

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