4010 Speedway, Austin, TX 78751
9 Unit Apartment Building | For Sale | Austin, TX 78751
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 1,994 SF
Listing Contacts
Grant Mobley
Verified Profile
Matthew Romanchuk
Verified Profile
- Property Info
Property Overview
Boutique Multifamily Community in Iconic Central Austin Neighborhood
4010 Speedway is a boutique 9-unit multifamily community comprised of four buildings – one stand-alone single-family home, one duplex and two triplexes. The community was originally built in 1946 and boasts the unique, historic character prevalent in the Hyde Park/North University neighborhood. The property has excellent visibility with frontage along Speedway, one of the major north-to-south traffic arteries in the area.
Prime Candidate for Luxury Enhancement
New ownership will have substantial potential for premium renovation and upgrades. Units are equipped with full-sized washer and dryer connections. Upgrading the interiors and exteriors of the property will increase value exponentially. Similar assets in this area indicate current rents can be pushed $1,000+ (per unit).
Austin’s Historic Hyde Park, North University Neighborhood
Hyde Park is treasured for its historical and architectural value. The Hyde Park Preservation Plan allows the neighborhood to keep its classic integrity and infrastructure by preserving existing buildings. With median home values in the neighborhood around $1 million and the lack of multifamily products around the area, apartments are very desirable here. Also, considering the proximity to Downtown, the easy accessibility to major highways and streets, and the safe walkability of the area, these neighborhoods will remain desired pockets in Austin.
Proximity to University of Texas
Located less than a mile from The University of Texas and the iconic street ‘The Drag,’ 4010 Speedway is within walking distance of the premier entertainment district for The University of Texas, which features bars, retail, restaurants, coffee shops and more.
4010 Speedway is a boutique 9-unit multifamily community comprised of four buildings – one stand-alone single-family home, one duplex and two triplexes. The community was originally built in 1946 and boasts the unique, historic character prevalent in the Hyde Park/North University neighborhood. The property has excellent visibility with frontage along Speedway, one of the major north-to-south traffic arteries in the area.
Prime Candidate for Luxury Enhancement
New ownership will have substantial potential for premium renovation and upgrades. Units are equipped with full-sized washer and dryer connections. Upgrading the interiors and exteriors of the property will increase value exponentially. Similar assets in this area indicate current rents can be pushed $1,000+ (per unit).
Austin’s Historic Hyde Park, North University Neighborhood
Hyde Park is treasured for its historical and architectural value. The Hyde Park Preservation Plan allows the neighborhood to keep its classic integrity and infrastructure by preserving existing buildings. With median home values in the neighborhood around $1 million and the lack of multifamily products around the area, apartments are very desirable here. Also, considering the proximity to Downtown, the easy accessibility to major highways and streets, and the safe walkability of the area, these neighborhoods will remain desired pockets in Austin.
Proximity to University of Texas
Located less than a mile from The University of Texas and the iconic street ‘The Drag,’ 4010 Speedway is within walking distance of the premier entertainment district for The University of Texas, which features bars, retail, restaurants, coffee shops and more.
Property Details
- Class
- C
- Year Built
- 1946
- Stories
- 2
- Lot Size (sq. ft)
- 13,068 SF
- Units
- 9
Highlights
- Boutique Multifamily Community in Iconic Central Austin Neighborhood
- Prime Candidate for Luxury Enhancement
- Austin’s Historic Hyde Park, North University Neighborhood
- Proximity to University of Texas
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