516 East 40th Street

Austin, TX 78751

$2,000,000
Price
Beds
3,960 Sq. Ft.
$505 / Sq. Ft.
3,960
Sq. Ft.
$505
per Sq. Ft.

Description

For Sale: "40 Hyde Park", a 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!). Close to UT Law School, Commodore Perry Hotel, surrounded by single family homes.For Sale: "40 Hyde Park", a 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!). Close to UT Law School, Commodore Perry Hotel, surrounded by single family homes.
  1. Listed by John C Sheppard • TREC #0448360 • Austin Home Source • (512) 472-4663

Property Details for 516 East 40th Street

Subdivision Name
Oaklawn Add
Waterfront
No
View
None
View YN
No
Parcel Number
02180610080000
Master on Main
No
Year Built Source
Public Records
Property Condition
Resale
LISTING UPDATED: 10/26/2024 01:00 PM

Property Details for 516 East 40th Street

StatusActive
MLS #2871159
Days on Market27
Taxes$26,509 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1972
Lot Size0.16 AC / 7,143 SF
CountyTravis County

Building Information for 516 East 40th Street

Stories2Residences-Year Built1972Lot Size0.16 AC / 7,143 SF

Property Information for 516 East 40th Street

General Information
Parking
  • Parking Total: 10
  • Parking Features: Asphalt, Outside
Interior
  • Stories Total: 2
  • Flooring: Laminate
Exterior
  • New Construction: No
  • Construction Materials: Masonry
  • Foundation Details: Slab
  • Accessibility Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Size Source: Assessor
  • Current Use: Investment, Multi-Family
  • Horse: No
Location Information
  • Leasable Area: 3960.0
  • Building Features: Appliances, No Loading
  • Number Of Buildings: 1
  • Building Area Total: 3,960.00
  • Building Area Source: Public Records
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available
  • Water Source: Public
Financial Information
Taxes and HOA Information
  • Tax Assessed Value: $1,465,200
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 2.30%
Showing Information
Showing Information
  • Security Features: Smoke Detector(s)
  • Directions: North on Duval. Turn right on 40th. Property on left. 1 lot away from Hancock Golf Course

Property History for 516 East 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 East 40th Street

Taxable ValueLand$391,985Additions$954,415Total$1,346,400
Tax Record2022$25,417 ($2,118 / month)
Home Facts
Total Finished SqFt3,960 SqFtAbove Grade Finished SqFt3,960 SqFtStories2Lot Size7,126 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyTRAVISAPN0218061008

Schools near 516 East 40th Street

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Lee Elementary School
PublicK to 6

Kealing Middle School
Public6 to 8

Mccallum High School
Public9 to 12

Rosedale
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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516 East 40th Street is for sale in Austin, TX 78751. This property was listed for sale on October 17, 2024 by Austin Home Source, it's currently listed at $2,000,000. This listing's school district is Austin Independent School District. Nearby schools include Lee Elementary School, Kealing Middle School and Mccallum High School. 516 East 40th Street is a 0-bed, 0-bath, 3,960 sqft built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Austin Home Source, John C Sheppard, TREC #0448360

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.