TX > Austin > Colony Meadows Sec 02
Austin, TX 78724,8405 Riverstone DR
Austin, TX 78724,8405 Riverstone DR
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Larry Tardy

Larry Tardy

+1(512) 375-2125
$ 345,000
Est. payment | /mo

2,432 SqFt

Save
$ 345,000
Est. payment | /mo
Save

2,432 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,432 sqft

Price per Sqft $141

Subdivision Colony Meadows Sec 02

MLS Listing ID 7721422

HOA Y/N No

Year Built 2002

Annual Tax Amount $6,691

Tax Year 2025

Lot Size 9,012 Sqft

Acres 0.2069

Property Sub-Type Duplex

Source actris

Property Description

Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 per month in rent per unit, totaling $3,400 per month or $40,800 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 by appointment 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 Back Yard, Wood

Community Features None

Utilities Available Electricity Connected, 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
agent

Larry Tardy

Agent | License ID: TX 317232

+1(512) 375-2125

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8405 Riverstone DR