Price Reduced Listing
$1,590,000
( $401.52Per Sq Foot )
 $8,535 est/mo Sourced by Back At You

516 E 40th St 103 , Austin, TX 78751

Austin, TX 78751

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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!

Details

MLS#2871159
Listing TypeFor Sale
StyleCondominium
Suite Number103
Sub-TypeResale
StatusActive
Year1972
Days On Site95
Listing Provided ByAustin Home Source | John C Sheppard

Features

SQ Feet3,960
Story(s)2
Building(s)1
Acreage0.16
Water FrontYes
Property ViewNone

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of January 20, 2025 at 7:06:14 PM PST 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.

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Learn More About This Property

StateTX
CountyTravis
CityAustin
Zip Code78751
Area4
Community NameOaklawn Add
Listing VS Median (in Oaklawn Add)
Price:
$1,590,000
low | high
Med:
$1,590,000
50% of Average
SqFt:
3,960
low | high
Med:
3,960
50% of Average
$ / SqFt:
$402
low | high
Med:
$402
50% of Average
On Site:
95
low | high
Med:
95.000000
100% of Average
Sourced by Back At You
Listing Updated: January 16, 2025 at 9:08:42 AM PST