1603 W 40th ST
About This Property
This home has been significantly updated since 2020, including remodeling both main house bathrooms, replacing all 1947 plumbing with PVC, and installing new heating and cooling systems in both the main house and guest apartment. Conveniently located in desirable Rosedale near some of Austin's most beloved attractions including Ramsey Park, Uchiko, Fonda San Miguel, Central Market, scenic hike and bike trails, as well as downtown hotspots like Zilker Park, this residence promises a lifestyle of convenience and leisure.
The timeless elegance of the 1947 property seamlessly blends with contemporary updates. Enjoy the warmth of the inviting interiors, accentuated by expansive hardwood floors, lofty ceilings, and built-in original corner cabinets and buffets. The kitchen showcases custom maple cabinets, while the luxurious main suite boasts a cozy fireplace nook and a dedicated desk or craft area. Entertain your loved ones on the oversized outdoor deck overlooking a private yard.
Additional amenities include an EV charger, secure gated parking, and ample storage options. Whether you're looking to enjoy the serene surroundings or explore the vibrant city life, this home is ideal for those seeking a residence with character and craftsmanship.
Don't miss the opportunity to make this extraordinary Central Austin home your own - schedule a showing today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Listed by Harpeth Realty | $1,249,500 | |
| Listed by Harpeth Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017