516 E 40th ST Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78751
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $404
Subdivision Oaklawn Add
MLS Listing ID 2871159
Originating Board actris
Year Built 1972
Tax Year 2023
Lot Size 7,143 Sqft
Acres 0.164
Property Description
Rare investment opportunity in the heart of Austin's sought-after Hyde Park neighborhood! Located just a "chip shot" away from the 8th green at Hancock Golf Course, Texas' oldest golf course, this 10-unit apartment complex offers prime real estate in one of the city's most historic and desirable areas. With its close proximity to St. David's Hospital, the University of Texas Law School, and DKR Memorial Stadium, the property boasts exceptional rental potential and the convenience of being in a vibrant, growing community. Hyde Park's charm is evident in its tree-lined streets, eclectic atmosphere, and access to local restaurants, shops, and cultural attractions.
The complex consists of 10 well-maintained units 2 storage rooms, and a washer/dryer that provide additional income, providing the perfect opportunity for investors looking to capitalize on Austin's dynamic rental market. Whether you're looking to expand your portfolio or seek long-term growth in a neighborhood with a rich history and prime location, this property is an ideal choice. Don't miss out on this exceptional investment opportunity in one of Austin's most coveted locations. Schedule a tour today!
Location
State TX
County Travis
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Exterior
Utilities Available Above Ground,Cable Connected,Electricity Connected,High Speed Internet,Natural Gas Connected
View None
Total Parking Spaces 10
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonry – All Sides
New Construction No
Others
Special Listing Condition See Remarks