516 E 40th Street
Austin, TX 78751
0.16 acres | #2871159
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.
Property Details
- Utility FeaturesAbove Ground Utilities, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Avai
- Sewer InformationPublic Sewer
- SubdivisionOaklawn Add
- Original List Price$2,200,000
- Property SubtypeApartment
- Property TypePurchase
- MLS #2871159
- Cost1690000
- MLS #2871159
- Utility SourcePublic
- CountyTravis
- Property ConditionResale
- Acres0.164
- Year Built1972
- FoundationSlab
- Days on Market (Cumulative)63
- Stories2
Location
Legal
Based on information submitted to the MLS GRID as of 2024-12-17 19:30:01 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being 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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: John C Sheppard (#448360), Phone: (512) 472-4663
Listing Office: Austin Home Source (#3520)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
