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Hyde Park Forty Fifth 4504 Speedway

23 Unit Block of Flats For Sale Austin, TX 78751

Investment Highlights

  • Hyde Park Boutique Asset
  • Renovated Multifamily Property

Executive Summary

BOUTIQUE MULTIFAMILY COMMUNITY IN ICONIC CENTRAL AUSTIN NEIGHBORHOOD
Hyde Park Forty Fifth is a 23-unit multifamily property located in the heart of Hyde Park. The property was originally built in 1969 and was renovated in 2021. The building offers a classic historic Hyde Park feel with modern chic updates and sits just off of 45th Street and Speedway. This places the asset in a prime location for an already sought-after area. Residents of Hyde Park Forty Fifth have access to a laundry facility on site as well as a gated communal picnic and grilling area.
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 THE TRIANGLE AND THE UNIVERSITY OF TEXAS
Located less than half a mile from The Triangle, a high-end urban neighborhood with luxury shopping and restaurants. The property is also less than 8-minutes from The University of Texas and The Drag, which is the university’s entertainment district off of one of Austin’s main traffic corridor’s, Guadalupe Street.

Property Facts

Sale Type Investment
No. Units 23
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.37 AC
Building Size 8,514 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1972/2021
Parking Ratio 1/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 22 £938.94 331 - 400
1+1 1 £1,135 662
Walk Score ®
Very Walkable (80)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
220076
Land Assessment
£749,791
Improvements Assessment
£1,161,704
Total Assessment
£1,911,494

zoning

Zoning Code MF4, Austin
MF4, Austin
  • Listing ID: 32333301

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 4504 Speedway, Austin, TX 78751

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