8403 Riverstone DR new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78724
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $184
Subdivision Colony Meadows Sec 02
MLS Listing ID 5411757
HOA Y/N No
Year Built 2002
Annual Tax Amount $7,373
Tax Year 2025
Lot Size 8,799 Sqft
Acres 0.202
Lot Dimensions 73 X 120
Property Sub-Type Duplex
Source actris
Property Description
Great investment income property, fully leased and cash flowing from day one. Offered at $399,000, which is $101,000 below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,750 per month in rent per unit, totaling $3,500 per month or $42,000 per year in gross rental income. Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed during the option period only.
Location
State TX
County Travis
Interior
Interior Features Pantry,Walk-In Closet(s)
Heating Central,Ductless
Cooling Central Air,Electric,Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Dishwasher,Disposal,Microwave,Free-Standing Range,Refrigerator,Electric Water Heater
Exterior
Exterior Feature Exterior Steps
Fence Fenced,Privacy,Wood
Pool None
Community Features None
Utilities Available Electricity Available,Sewer Connected,Water Connected
Waterfront Description None
View None
Roof Type Composition
Porch None
Building
Lot Description Level,Public Maintained Road,Trees-Small (Under 20 Ft)
Faces North
Foundation Block,Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
New Construction No
Schools
Elementary Schools Overton
Middle Schools Garcia
High Schools Lyndon B Johnson (Austin Isd)
School District Austin Isd
Others
Pets Allowed Call
Special Listing Condition Standard
Pets Allowed Call