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3107 SpeedwayAustin, TX 78705
The Parker at Hyde Park
Asset ClassMultifamily
# Units16
Year Built: 1965AVG SF: 550Land: 0.19 AcresAccess Data Room
North Campus | Central Austin
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Overview

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The Parker at Hyde Park consists of one large, garden-style building, with two stories of MF units over underbuilding parking. The mix is all one-bedrooms with spacious living areas (550± sq. ft. floorplans). Each plan features large open living rooms, walk-in closets, faux-wood vinyl flooring, vaulted ceilings with wooden beams*, kitchen gooseneck faucets*, built-in shelves in bedrooms, ceramic tile surrounding cast iron bathtubs, gas stove and ranges, and mini-blinds. Interior features include individual HVACs, ceiling fans and large bedrooms. Owners have renovated a couple units, so this is a great value-add property with an opportunity to increase rental rates, and reduce operating expenses. Tenants have access to one laundry facility on-site (2W/2D), community bike racks, multiple entrance/exit points, and parking access in both front and back of the buildings (via Speedway or Helms Street).

 

*in select units

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Investment Highlights

# Units
16
# Buildings
1
# Stories
2
Year Built
1965
  • Incomparable Austin Infill Location
  • Excellent Value-Add Opportunity - Spacious Bath Area and Two Closets (possible location for W/D’s)
  • Adjacent to “Historic” Aldridge Place Neighborhood — Average Home Price: $1.002M (or $598 psf)
  • Walking Distance to Restaurants, Grocery Stores, Nightlife, and Employers
  • Close Proximity Medical Hubs including Ascension Seton Medical Center, St. David’s Medical Center, Dell Seton Medical Center at U.T., and Related Medical Offices
  • 2 ± Blocks North of the University of Texas Main Campus (Students: 55K ± and Faculty/Staff: 26K ±)
  • Blocks to “The Drag”, the iconic strip of Guadalupe St., featuring Restaurants, Bars, and Eclectic Shopping
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3107 SpeedwayAustin, TX 78705
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Listing provided by Revere CRE