Active
516 E 40th ST
Austin TX, 78751
$1,950,000
$492.42 per sqft
Active
3,960 sqft
Commercial
Built in 1972
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.
2871159
MLSⓇ ID
October 17, 2024
Listed
November 20, 2024
Updated
Map
516 E 40th ST
Austin TX, 78751
Interior Features
Total Stories
2
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
Other Property Details
Area Name
4
Garage
No
Parking
Asphalt, Outside
View
No
View Description
None
County
Travis
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/18/2024 | Price change | $1,950,000 -1% |
11/15/2024 | Price change | $1,960,000 -2% |
10/17/2024 | Price change | $2,000,000 -10% |
Courtesy of Austin Home Source
Listing Contact: (512) 472-4663
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Darsh Parikh shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.
Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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
©2024 Austin/Central Texas Realty Information Service. All rights reserved.
Database last updated 9:29 PM UTC, 11/20/2024
