516 E 40th STAustin, TX 78751
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 5 days ago | Price changed to $1,690,000 | |
| 5 days ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
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Data last update - 2024-10-29 07:00 PM CDT
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