3107 SPEEDWAY, AUSTIN, TX 78705
Homes for sale in Austin.
Homes for sale in 78705.
3107 Speedway
Austin, TX 78705
List Price$3,000,000
Listing #8223903
8,506
Square Feet
Commercial
Type
About This Property
Excellent value-add opportunity in the heart of Hyde Park, just two blocks north of the University of Texas. The Parker at Hyde Park features a two-story, garden-style building with 100% one-bedroom units (approx. 550 sq. ft.) situated over under-building parking. Interior highlights include vaulted ceilings with exposed wood beams, walk-in closets, gas ranges, and individual HVAC units. With only a few units recently renovated, there is significant upside to increase rental rates and reduce operating expenses through further interior upgrades. The property is situated on a lot with favorable NO-NCCD-ETOD zoning, signaling future density potential and excellent proximity to high-frequency transit. Residents enjoy walkability to "The Drag" on Guadalupe, major medical hubs (Ascension Seton, St. David's), and the historic Aldridge Place neighborhood. Amenities include an on-site laundry facility, community bike racks, and dual-street parking access via Speedway and Helms Street. A rare chance to acquire a well-positioned asset in one of Austin's most resilient submarkets.
Property Features
Location Information
County
Travis
Subdivision
Grooms Add
County
Travis
Directions
Heading North along Lamar turn R onto 30th St and then L onto Speedway
Area
UT
Interior Features
Heating
Central
Disabled Features
None
Floors
Vinyl
Accessibility
None
Exterior Features
Style
HardiPlank Type
Topography
Level
Is New Construction
No
Lot Size in Acres
0.189
Construction/Exterior
HardiPlank Type
Zoning
NO-NCCD-ETOD-DBETOD-NP
Foundation
Slab
Buildings
1
Possession
Closing & Funding, Close Of Escrow
Road Description
Asphalt
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
Has View
No
Parking Description
Common, Covered, Off Street
View
None
Additional Information
Other Utilities
Electricity Connected, Sewer Connected
APN
02160407040000
Property Type
COM
Status
Active
Property SubType
Apartment
Documents Available
None
Year Built
1965
Similar Listings
Mortgage Calculator
$14,010
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$10,810
Monthly Tax
$2,500
Monthly Insurance
$700
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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