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USATXAustinColony Meadows Sec 028403 Riverstone Dr
8403 Riverstone Dr, Home with 0 bedrooms, 0 bathrooms and null parking in Austin TX | Image 1
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$399,000

8403 Riverstone Dr, Austin, TX

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2160 sqft
Garage No
Taxes $7,373
Days Active 0
Lot Size 
Approx. Age 2002
Avg. Price Per Sqft $184
MLS® Number 5411757

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number5411757
Laundry LevelLaundry Room
Central VacNo
FireplaceNo
Acreage0.202
ExteriorExterior Steps
GarageNo
Approx. Age2002
Basement
DrivewayNone
Garage Spaces
HeatCentral, Ductless
A/CCentral Air, Electric, Wall Window Units
Heating Fuel

Extras

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