2 Multifamily Properties | Central Austin 10 Units 10

Home , Elisabet Ney Museum, Scholz Garten

Sold Together or Separately

10 UNITS 4103 Speedway | Austin, TX 78751 2 MULTIFAMILY PROPERTIES | CENTRAL AUSTIN 10 UNITS 4105 Speedway | Austin, TX 78751

ELLEN MUSKIN DANIEL ELAM VIEW SHOWN BY 512.343.2700 x3 512.343.2700 x4 PROPERTY APPOINTMENT ONLY [email protected] [email protected] WEBSITE: WITH LISTING AGENTS AERIAL VIEW SPEEDWAY STUDIOS

Austin (CBD) | 2.0 ± Miles University of Texas | 0.9 ± Miles

CENTRAL AUSTIN NEIGHBORHOOD

HYDE PARK NEIGHBORHOOD

Looking SOUTH INVESTMENT OVERVIEW SPEEDWAY STUDIOS

Speedway Studios SALIENT FACTS Located in Austin's Historic Hyde Park Neighborhood Price: Market Pricing

# of Units: 20 Total

Speedway Studios is truly a unique multifamily investment opportunity in central Austin’s storied Hyde Park neighborhood, # of Buildings: 2 Total / 2 Separate Parcels surrounded by remodeled bungalow style single-family homes and grand, 19th-century houses of the Victorian/Queen Anne style (many with historic designations). Hyde Park’s grid-planned street system is accented by churches, small groceries Years Built: 1972 / 1973 and local eclectic businesses enhancing its very WALKABLE and BIKEABLE community traditions. Total NRSF: 8,064 ± (TCAD) The location of this asset creates an ideal urban living environment for anyone looking to take advantage of Austin’s core location with prime access to many of the city’s medical offices and hospitals, The Triangle mixed-use development, the Land Area: 0.2984 ± ACRES (TCAD) newly developed The Grove mixed-use community, major educational facilities (University of Texas and Austin Community Zoning: MF-4-HD-NCCD-NP College Highland Campus), government institutions (State Capitol and multiple state agencies), as well as vibrant retail and entertainment options. Exterior: Native Stone and Siding

Roofs: Flat

HVAC: Individual in Each Unit

Water Heater: Electric

Laundry Room: One On-Site (1W & 1D)

Parking: 20 ± Surface Spaces

Sold Together or Separately (10+10 units)

Within walking distance of Speedway Notable medical facilities within a According to Austin Investor 1.6 miles ± from Speedway Studios Studios is The Triangle, a 22-acre 1-mile ± radius of Speedway Studios Interests 2nd Quarter Trend Report, is the new 75-acre community The urban complex featuring multifamily, include Ascension Seton Medical rents in the Central Submarket Grove. Featuring single-family homes retail, restaurant, and commercial Center, Heart Hospital of Austin, average $1,527 and have increased ($1M+), 325K ± SF of office / retail spaces and a park and jogging trail. and St. David's Medical Center. by 4.13% over the last 24 months. space, and 20 ± acres of greenspace. INVESTMENT OVERVIEW SPEEDWAY STUDIOS

INVESTMENT HIGHLIGHTS

Æ Popular Central Austin In-Fill Opportunity

Æ Historic Hyde Park Neighborhood — average home price = $793,510 or $436 PSF (per Austin MLS)

Æ 1.7 ± miles from the recently announced Dell Children’s Specialty Pavilion — a $113M pediatric outpatient facility opening Spring 2021 Property Character

Æ Walking Distance to the St. David’s Medical Center, Located on two separate tax parcels (#215780 and #215781) Seton Ascension Hospital, Austin Heart Hospital Speedway Studios has tremendous value-add potential. and all the Related Medical Offices

Æ Close to The Triangle Mixed-Use Urban Hub and Speedway Studios includes two double-story, garden-style buildings with 10-units in each (for The Grove Mixed-Use Community a total of 20 studio units), with floorplans averaging 403 SF. Each studio features pass-through kitchens with bars, electric stoves and dishwashers, walk-in closets, individual HVACs, ceiling Æ North of the University of Texas Main Campus fans and built-in bookshelves in living areas, and either a stand alone bathtub or shower. Tenants (Enrollment: 51,832 ± and Faculty/Staff: 23,925 ±) have access to one laundry facility on-site (1W/1D), a community bike rack, multiple entrance/exit points, and surface parking in both front and back of the buildings (via a residential alleyway). Æ Biker’s Paradise (99 Rating) and Very Walkable There is room for a new Owner to continue to add value with enhancements like new appliances, Area (81 Walkability Score) hard surface countertops, upgraded lighting and ceiling fans and the addition of washer/dryer connections for Euro-style combination machines. Æ Easy Access to: MoPac (Loop 1), US 290 East, I-H 35, Guadalupe, Red River, 48th and 45th Streets

Both buildings occupy 0.2984 total Acres (or 13,000 ± SF) according to the Travis County Appraisal District records with a MF-4-HD-NCCD-NP zoning classification. INVESTMENT LOCATION SPEEDWAY STUDIOS

Ascension Seton Medical Center Heart Hospital of Austin

HYDE PARK NEIGHBORHOOD

Looking WEST

Austin's original medical district surrounding the historic Texas State Hospital is within Speedway Studios is situated in the historic Hyde Park neighborhood in Central Austin 1 ± radius of Speedway Studios. Medical facilities in this area include: Heart Hospital and is only a few short blocks to The Triangle, a 22-acre urban complex featuring retail, Austin, Ascension Seton Medical Center Austin, Women's Health Texas, Austin Sports restaurant, and commercial spaces as well as a park with a jogging trail, water features, Medicine, Medical Park Surgery Center, Ascension Seton Shoal Creek, Austin Neurologi- and weekend outdoor entertainment. In addition to local neighborhood grocery and cal Clinic, Austin Oral and Maxillofacial Surgery, Central Texas Rehabilitation Hospital, convenience stores, a Central Market gourmet grocery store (part of the H-E-B Texas Allergy Partners of Central Texas, and Austin Center for Radiation Oncology. Grocery chain) is within walking distance of Speedway Studios. INVESTMENT LOCATION SPEEDWAY STUDIOS

Local Amenities and Attractions First Class Education Opportunities

PEASE PARK THE TRIANGLE Pease Park, founded in 1875, is The Triangle is a 22-acre Only 1.6 ± miles from Speedway Studios is a popular 42-acre greenspace in urban complex that includes Highland — a sustainable mixed-use development central Austin. Officially the city's multifamily, retail, restaurant, transforming the former Highland Mall into a new first public park, it's popular for and commercial spaces, as 3.29M ± SF community featuring a public plaza, its yearly outdoor events, trails, well as a park, jogging trail, a common area, ground-floor retail, office and commercial space, and residential space. volleyball and basketball courts. and outdoor entertainment. Anchoring Highland is the new 1.3M ± SF high- tech campus for the Austin Community College (ACC). This campus features the ACCelerator learning lab, VA Resource Center, Bioscience SHOAL CREEK TRAIL MUSEUMS Incubator, and the Texas A&M Chevron Engineering Academy. The 3.9-mile Shoal Creek Hike The Bob Bullock Texas State and Bike Trail runs from 38th St. History Museum, LBJ Library, south to Lady Bird Lake. Having Blanton Museum of Art, recently undergone improvements, Ransom Center, and Elisabet future plans for the trail include a Ney Museum can all be found nine-mile exstension to the north. in the Central Austin area.

About 0.9 ± miles to the south of Speedway Studios is The University of Texas main campus. With current enrollment of 51,800 ± students, URBAN GOLF EASY ACCESS U.T. is consistently ranked one of the best public universities in the country, with top ranked The Hancock Golf Course, one of Major thoroughfares North Lamar programs in Business, Engineering, Law, and the oldest golf courses in the state, Boulevard and Guadalupe Street Medicine. is a well-manicured, 9-hole, 35-par run parallel through Central Austin Within the UT Campus is the Medical District, public course, with carries up and and contain popular restaurants, which includes the Dell Ascension Seton Medical down hills over beautiful Waller nightlife activities, and eclectic Center, the Dell Medical School at the University Creek in Central Austin. shops and businesses. of Texas, UT School of Nursing, and Central Health (formerly Breckenridge Hospital). INVESTMENT LOCATION SPEEDWAY STUDIOS

Central Austin

NOTABLE AREA EMPLOYERS CENTRAL SUBMARKET University of Texas at Austin • U.T. Dell Medical School • Austin Heart Hospital • Ascension Seton Hospital • St. David’s Medical Center • Bailey Square Surgical Center • Dell Children's Medical Center • Ascension Seton Shoal Creek Hospital • Texas State Capitol • various and related Government Agencies and Offices • Texas School for the Blind • TX Dept. of State Health Services • TX Dept. of Public Safety • St. Andrews private school (grades K-8) • Central Market (aka H-E-B's gourmet grocery store) • Central Park Shopping Center • Bank of America Financial Center • mid-sized to large retailers • medical offices • business offices • local neighborhood hotspots

Average Central ENTERTAINMENT FOOD / RESTAURANTS NIGHTLIFE Efficiency Rent n Darrell K. Royal Memorial Stadium n Central Market Grocery Store n Draught House Pub & Brewery $1,069 n Elisabet Ney Museum n H-E-B Grocery Store n Workhorse Bar n Harry Ransom Center n Randalls Grocery Store n drink.well n Bass Concert Hall n Mandola's Italian n The Hole in the Wall n LBJ Presidential Library n Maudie's Triangle n Cain & Abel's n Bob Bullock History Museum n Hopdoddy Burger Bar n Crown & Anchor Pub Average Central n Frank Erwin Center n The Parlor n Cactus Cafe Submarket Rent n Blanton Museum n Hyde Park Bar & Grill n Scholz Garten n Paramount Theater n Quack's 43rd Street Bakery n The Cloak Room n Mexic-Arte Museum n Uchiko n 6th Street District $1,527 n ZACH Theatre n Snooze, A.M. Eatery n Warehouse District n Palmer Events Center n Black's Barbecue n Rainey Street District

OUTDOORS EASY ACCESS RETAIL / SHOPPING Average Austin City Wide Rent n Central Park n MoPac Expwy (Loop One) n The Triangle n Shipe Neighborhood Park n Interstate Highway 35 n Central Park Shopping Center n Hancock Golf Course & Rec Center n E. 38th Street n Hancock Shopping Center $1,290 n Eastwoods Neighborhood Park n E. 45th Street n Guadalupe Street ("The Drag") n Shoal Creek Greenbelt n Duval Street n Kerbey Lane Shops n Pease District Park n Guadalupe Street (“The Drag”) n Mueller District n Sparky Pocket Park n Red River Street n The Linc at Highland AUSTIN INVESTOR INTERESTS 2nd Quarter 2020 Trend Report n Charles Alan Wright Fields n N. Lamar Boulevard n Burnet Road Shops FINANCIAL ANALYSIS SPEEDWAY STUDIOS

UNIT MIX Unit Total Market Monthly Annual Rent/ Units Type SF± SF± Rent Mkt. Rent Mkt. Rent SF± 20 Studios 403 8,064 $1,050 $21,000 $252,000 $2.60

Trailing - 12 INCOME Pro Forma from July 2020 Scheduled Market Rent $252,000 $217,940 Less: Loss to Lease 5.00% ($12,600) — Less: Vacancy 5.00% ($12,600) — Less: Concessions 1.00% ($2,520) — Net Rental Income $224,280 $217,940

Plus: Fee Income $1,000 $65 Plus: Laundry Income $2,000 $1,804 Plus: RUBS Income $12,500 $12,061 Plus: Other Income (Incl. Pet Rent) $4,000 $2,049 Total Operating Income (EGI) $243,780 $233,919

EXPENSES Per Unit Administrative $100 $2,000 $122 Advertising & Promotion (Locators) $350 $7,000 $8,236 Repairs & Maintenance $500 $10,000 $17,393 Management Fee 5.00% $609 $12,189 $12,977 Utilities $750 $15,000 $14,410 Contracted Services $100 $2,000 $2,320 Real Estate Taxes 2.144866% $2,594 $51,889 $48,915 Insurance $400 $8,000 $8,509 Total Expenses $108,078 $112,882

Net Operating Income $135,702 $121,037 PROPERTY DETAILS SPEEDWAY STUDIOS

INTERIOR FEATURES Spacious Open Floorplans Pass-Through Kitchens with Bars Stand-Alone Showers or Bathtubs Built-in Bookshelves and Ceiling Fans in Living Areas Electric Stoves / Ovens Dishwashers Individual Electric Water Heaters Walk-in Closets

COMMUNITY FEATURES Laundry Facility On-site Native Stone and Siding Exterior Ample Parking with 20 ± Surface Spaces Alley Access for Easy Access/Trash Pickup Convenient to CBD, State Capitol Building, Hospitals, and Major Employers Close Proximity to Downtown Austin, The Drag on UT Campus, 6th Street and the Warehouse Entertainment Districts On Austin CapMetro and UT Metro Bus Stops Bike Score: 99 / Walk Score: 81 FLOOR PLAN SPEEDWAY STUDIOS

Studio Floor Plan 35 1 183

SHOALCREEK BLVD

Speedway RD BURNET

N LAMAR BLVDE KOENIG LN Highland Studios NORTHLOOP BLVD W 290 Camp Mabry Proximity Map The Grove W 51ST ST ATX W 45TH ST The Charles Alan Wright Fields 1 Triangle

Heart Hospital of Austin N LAMAR BLVD Lake Austin Dell Children's Medical Center Ascension Seton Medical Center

DUVAL ST GUADALUPE ST E 38TH ST Hancock W 29TH ST Golf Course Mueller Mixed-Use Downtown/CBD 35 Community Tech Employers St David's Medical Center E DEAN KEETON ST 1 W 24TH ST

LAKE AUSTIN BLVD ENFIELD RD MANOR RD Lady Bird Lake MARTIN LUTHER KING BLVD W

Pease Park Pease E MARTIN LUTHER KING JR BLVD W 15TH ST Texas State Capitol Building Dell Ascension Seton Medical Center E 12TH ST 35 W 5TH STW 6TH ST

1 LAVACA ST Lady Bird Lake AIRPORT BLVD

E 6TH ST W CESAR CHAVEZ ST Zilker Metropolitan Park E 7TH ST

Plaza Saltillo Development L

S LAMAR BLVD d S 1ST ST y

360 1 B i E 1ST ST r CHICON ST d L CONGRESS AVE S a k 35 e Disclaimer: Information shown on this map is compiled from numerous sources and may not be complete or accurate. Muskin Commercial, LLC provides this map without any warranty of any kind whatsoever, either express or implied. 183

360 1 290

35 183 130 290 AUSTIN

For information on Multifamily Properties in Austin, Texas —please contact:

ELLEN MUSKIN DANIEL ELAM 512.343.2700 x3 512.343.2700 x4 [email protected] [email protected]

4601 Spicewood Springs Road Building 4, Suite 101 Muskin Commercial, LLC has prepared this brochure to provide summary information to prospective purchasers and makes no warranty or representation about the content. While this Austin, TX 78759 WWW.MUSKINCOMMERCIAL.COM information has been obtained from sources believed to be reliable; Muskin Commercial, LLC has not conducted any investigation regarding these matters and prospective purchasers should independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are examples only and do not necessarily represent the current or future performance of the property. This brochure does not constitute an offer of sale, but is merely an invitation to bid. ! "#$ %&'()0(12&3452&)(002&(0&)6(6&057&8)&&)69@5A&6B&C9009158@58C92D(6598(E946 E29F&2(@&)&2A57&)69G29)G&765A&E4H&2)I6&8(86)I)&00&2)(8P0(8P092P)Q

RSTUVWXYUàUVR`RUabcUdVUeWafUYVg h ìYWpUYqrstruvwrqxytvsyyxsvtst qq qtrqwyqw rutsvstxrytrtw rruvwrvstx txsvts h `VàUVÙdRr xtruvwrvstxxsvtswvsrq yqtw rvwxtyv txsvts

`iYWpUYVbdbfRbUVYUbYUfiSa`de`fghijkhlkminiolpjponqokrkmqkkmisoptiooinoilijklug h v tqw tstr rv tyqtw xvtyyv tsrqwyqw txsvtswrvwqw tstr rx h ywvs tyqtw vw tsqyqwvs qvwxv tusvuts vs swr qvwsttqtx txsvtsx h zwrts tyqtw wr{tr qvwrwustrtw wvts vvsvw ts|vtssv tyqtw xw h }st yyus qtr vstytr t swr qvwvwtr ywqsy

`abcUdVUeWafUYc`dYUTYUVUdR`T`YRSbd`YU`aUVR`RURY`dV`cRbWdg

`V`UdRXWY Wd dUYeVUaaUY~a`dfaWYfug}txsvtsxtvtr tusvuts vwtswrtw svwstttw q tvwts ryyqw sq twyqr qw vrtyyvsusvuts wttw stttw zwvwtswrtw r utsvs txsvtswrqwq qtr xvtw r qwvs tvwtsvw tsqyqwvs qvwxv tusvuts vs swr qvwwvwx ttw qwyqw qwvs qvwqryvrt v ttw vsrxtw x txtsvsxtswrtw

`V`UdRXWY iSUY~RUd`dRg}txsvtsxtvtr txts tww wrtw xsttqw vstustrtw txtsryy sv sq twstustrtw qvwstttw z xtswrtw r utsvs txsvtswrqwq qtrxvtwr qwvs txtsvw tsqyqwvs qvwxv tusvuts vs swr qvwwvwx ttw qwyqwqwvs qvwqryvrt v ttw x trtyytsvs rtyytswrtw

`V`UdRXWY iWRebdRUYUfb`YSg}v rwqw tstqsxt ttw tus qtr txsvtsr qsr vx qw tsq tw stttw vtus v t swr qvw}tsq twstttw r r tvqyyu txsvtswqwvwruqvrxvyvs wtsyqwtusqw rt vs txsvtswrvxyq qvwrrwqw tstqszxsvtsv rrwqw tstqs h r st yyus qtr v t swr qvwqus qyywqsyx h q tus qtrwsq twvwrtw uuvqw qtstw yqtwrtvytsrrvq tq txsvts vtus vwtsw xts vvwq tq usvqtvuqwqvwrwqt vwssv tqwr s qvwrvtus v t swr qvw h r wv wytrrrutqqyy vsqtqwsq qw vvrvx tus qryvrt tvwtsqyytu usqtytrr w tsq twrqwusqtx txts tww qyyuusqtst ts w tusqtrxq tqwsq twvtsxw wvwqtw qyqwvs qvwvswv tsqwvs qvw us rutqqyyqwr s r txsvtsqwsq qwwv v qryvrtwytrrst{qst vvrvxy

`VVi`UdRgz yqtwrtvyts rrrxtw twqqwxtsqw swr qvwq v wstttw vstustrtw t xtszrxtw wrrqr txtsx vtrwv stustrtw txtswr uyt tqw tstr rv tvwtsqsr

RW`WbffbVTRUVàa`YUUUdRViURdUUdSW `dfìYWpUYVeWafiUbddYbRbd`dfcaU`YaSUVRìabVeg h }txsvtswr qtrwstruvwrqxqyq qtr vvwvsvxyq qvwrwts tstustrtw qvwstttw h vqyyu txsvtsvsrtsqtrusvqt vvtwutw qyyxttwv tutw qyyxtyy t abcUdVUeWafUYcWdR`cRbdXWY`RbWdg}qrwv qtqrxtqwusvqtvsqwvs qvwusuvrtry vtrwv st twvxyq qvwvs v vrt txsvtswrrtsqtrvytrtwvyttsttqu v qrwv qtxtyvwst qwvuvsvsstvsr

£¤¥¦§¨ÿª«¬¬®¯§°±²ÿ³³ª´ÿÿÿÿµµµ¶·¸ÿÿÿ±±¨¬¹¬¤¥¦§¨¯«¬¬®¯§°±º¯«¬»ÿÿ ¸¼¶½¾¿¾À¶·µµ qtwrtsvtssvtsqstvsÿqtwrtvÿÿÿÿqyvvwt vsqszrrtrqwtrrt Á±±¨ÿ£¤¥¦§¨¾ÿÿÿÿ¾¿¶¾Âÿÿÿ±±¨¬¹¬¤¥¦§¨¯«¬¬®¯§°±º¯«¬»ÿÿ ¸¼¶½¾¿¾À¶·µµ trqw tsvtsvqsÿqtwrtvÿÿÿÿqyvvwt Á±±¨ÿ£¤¥¦§¨¾ÿÿÿÿ¾¿¶¾Âÿÿÿ±±¨¬¹¬¤¥¦§¨¯«¬¬®¯§°±º¯«¬»ÿÿ ¸¼¶½¾¿¾À¶·µµ qtwrtutsqrvsvytrztw ÿqtwrtvÿÿÿÿqyvvwt zrrvq t Ã°¨§±ÿÁ±°¬ ÿÿÿÿÂ¼ÂÂ·ÂÄÿÿÿ°¨§±¹¬¤¥¦§¨¯«¬¬®¯§°±º¯«¬»ÿÿ ¸¼¶½¾¿¾À¶·µµ ytrztw zrrvq twrt ÿqtwrtvÿÿÿÿqyvvwt

ÿÿÿts}tww tyytswyvsywq qyrÿÿÿ t

YigqkisrkmiRiqlYiqgUlkqkiÿcphllhpjÿÿÿbjpoqkhpjqqhgqsgiqkkoifkiqlp }| ÿÿÿÿÿyz| t ÅÆÇÈÉÊÿÌÍÎÎÏÐÉÑÒÓÔÿÕÕÌÔÿÖ×ØÙÿÚÛÉÑÏÜÍÍÝÿÚÛÐÉÊÞÇÿßÝÔÿàÖáÙØÙÿâÆÇãÉÊÔÿäåÿæçæèéêÿÿvvwtÿèÙëìíÖíáëæØØêÿÿèÙëìíÖíáëæØíîÿÿ ÊãÉãÓÏÝ ïÓÓÏÊÿÅÆÇÈÉÊ ÿÿÿÿÿvsvtq quvs xquvqÿ q ttwqytvsrtsqqw¡¢ÿÿÿquvqv