Great opportunity for investor to rehab & increase rents in this prime location north of U.T. Package of two properties (4-plex & 5-plex) at 4004 and 4006 Avenue C to be sold together w/total of 9 separate rental units,all separate elec & gas meters.Has been in same family for over 50 years.Owners state that property is zoned MF. Market rents for all units estimated to be $6,000/mo.-potential for more!!
Prime Hyde Park location with the look and feel of a larger complex. Updated units include washer/dryers, updated HVAC, brand new siding, and laminate interiors with tile backsplash. Always pre-leases in advance to students. Could be acquired with sub-4% FNMA financing to provide excellent NOI in an "A" location.
Rare investment opportunity for newer construction in popular North Campus. 5-bedroom, 3.5 bath house with detached 2 bedroom, 1 bath garage apartment. Remains 100% occupied with virtually no vacancy factor. Corner lot with ample parking. Low maintenance finishes. Very easy to lease. Located in an area of North Campus that has experienced unprecedented appreciation. Both units leased thru July 2014. A unit pre-leased for $3300. B unit renewing for $1400.
Age: 6-10 Years Old
Amenities: Ceiling Fan
Architecture Style: Other
Lot Size: 0.14 Acres
Roof Type: Composition Shingle
Rooms: Bedroom, Den, Foyer, Office, Walk-In Pantry
Not your typical Duplex. Two unique properties on large lot. Unit A is reminiscent of the 1940's with an inviting front porch, hardwood floors, original divided light wood windows, metal roof and attached double garage. Unit B is a small quaint cottage with a private entrance, vintage eat-in kitchen, a new cook top and oven. Both have tremendous character and charm. Large backyard and greenhouse are accessible to both units. Only 2 blocks to bus, minutes from U.T. campus and Downtown.
Investors! Rent the small unit for $900 and the larger unit for $1600+ for $2500/mo cash flow in renovated building in Central Austin. Practically everything is new - HVAC, foundation, plumbing, electrical, S/S appliances. Restored w/ attn to historical detail, property now commands its presence on a larger corner lot, minutes away from everything. Must see to fully appreciate the uniqueness. MLS LB on railing - GO. Detailed list of improvements available.