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4400 Avenue B
Austin, TX 78751
Hyde Park Place · Multifamily Property For Sale
·
40 Units
PROPERTY FACTS
| No. Units | 40 | Lot Size | 0.63 AC |
| Property Type | Multifamily | Building Size | 25,922 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/1986 |
| Building Class | C |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 25,922 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/1986 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Trash Pickup - Curbside
- Trash Pickup - Door to Door
- Online Services
- Walk-Up
ABOUT 4400 AVENUE B , AUSTIN, TX 78751
- 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 $29,000+ 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 - 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, installation of Euro washer/dryers, 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 39 | - | 414 - 425 |
| 2+1 | 1 | - | 804 |
PROPERTY TAXES
| Parcel Number | 217997 | Improvements Assessment | $4,521,925 |
| Land Assessment | $2,046,075 | Total Assessment | $6,568,000 |
PROPERTY TAXES
