8203 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 2,356 sqft
Price per Sqft $146
Subdivision Colony Meadows Sec 02
MLS Listing ID 9129172
Year Built 2002
Annual Tax Amount $6,552
Tax Year 2025
Lot Size 8,415 Sqft
Property Sub-Type Duplex
Property Description
Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent $500,000 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
Heating Central,Ductless
Cooling Central Air,Electric,Wall/Window Unit(s)
Flooring Laminate
Exterior
Exterior Feature Exterior Steps
Fence Fenced,Privacy,Wood
Community Features None
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Waterfront Description None
View None
Roof Type Composition
Building
Lot Description Level,Public Maintained Road,Trees-Small (Under 20 Ft)
Foundation Block,Pillar/Post/Pier
Sewer Public Sewer
Water Public
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
Special Listing Condition Standard
Pets Allowed Call