Winkler & Company Realtors, Menley Group Logo
Description Open House Details Location Market Trends Schools Virtual Tour
$1,800,000 Est. $6,628 / mo.*

516 E 40th Street Austin , TX 78751

Property listed by Austin Home Source 512-472-4663 {attribution_contact}

Description

3,960 Sqft
7,143 Sqft lot
0.16 Acre lot
Status: Active
Property Type: Apartment
Year Built: 1972
Days on Website: 39
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.

Open House

Property Details and Features

Building
2 total stories
Built in 1972
3960 total building sqft
Appliances
NoLoading
Masonry
Disclosures
LeadBasedPaintDisclosure
SellerDisclosure
Expenses
Operating Expense:
$29,917
[+] Read More
$1,800,000 - Br/Ba - for Sale in Oaklawn Add, Austin
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Contact an Agent

Winkler & Company Realtors, Menley Group

512-281-3336

Location

$1,800,000 -
516 E 40th Street Austin , TX 78751
County: Travis

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