TX > Austin > Colony Meadows Sec 02
Austin, TX 78724,8403 Riverstone DR
Austin, TX 78724,8403 Riverstone DR
Austin, TX 78724,8403 Riverstone DR
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$399,000
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2,160 SqFt
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8403 Riverstone DR Austin, TX 78724

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Jenna Hensley

Jenna Hensley

+1(512) 429-8198

UPDATED:

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

Listed by My Castle Realty

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agent

Jenna Hensley

Agent | License ID: 784800

+1(512) 429-8198

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8403 Riverstone DR