Active

516 E 40th ST

Austin TX, 78751

$1,950,000


$492.42 per sqft

Active

3,960 sqft

Commercial

Built in 1972

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.

2871159

MLS ID

October 17, 2024

Listed

November 20, 2024

Updated

Map

516 E 40th ST
Austin TX, 78751

Interior Features

Total Stories

2


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

Other Property Details

Area Name

4


Garage

No


Parking

Asphalt, Outside


View

No


View Description

None


County

Travis


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/18/2024

Price change

$1,950,000

-1%

11/15/2024

Price change

$1,960,000

-2%

10/17/2024

Price change

$2,000,000

-10%

Courtesy of Austin Home Source

Listing Contact: (512) 472-4663

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Erika Levack shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

©2024 Austin/Central Texas Realty Information Service. All rights reserved. 

Database last updated 9:29 PM UTC, 11/20/2024

 

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