4310 Avenue B
Austin, TX 78751
43 Hyde Park · Multifamily Property For Sale · 29 Units

- Irreplaceable in-fill real estate in centrally located Hyde Park, which is the oldest neighborhood in Austin and only two miles from the University of Texas at Austin - Convenient location provides residents easy access to major retail, dining, and entertainment – less than a ½ mile from The Triangle, less than two miles from the Mueller Redevelopment, and less than two miles from the Burnet Road corridor - Turning over the rent roll to the highest in place rental rate by unit type would gain a new owner $14,000+ in additional annual income, assuming a 5% vacancy factor - Current owner has done the heavy lifting, spending nearly $200k to cure deferred maintenance and upgrade exteriors and common areas - 4 units have Euro washer/dryers and are receiving a $65 premium – new owner can continue installation of these across the property - Outstanding value-add opportunity - Unit interiors are primed for a new owner to provide a modern finish out and increase rental rates - Future interior upgrades may include cherry wood cabinets, granite/quartz countertops, black/stainless steel appliances, vinyl wood flooring throughout, updated lighting and plumbing fixtures, and modern kitchen backsplashes - Other upgrade possibilities include: private patio dog yards, bike storage lockers, outdoor BBQ grills, covered parking, etc.