8403 RIVERSTONE DRIVE, AUSTIN, TX 78724
Homes for sale in Austin.
Homes for sale in 78724.
8403 Riverstone Drive
Austin, TX 78724
List Price$330,000
Listing #9742842
2,160
Square Feet
2
Number of Units
Multi-Unit Residential
Type
About This Property
Great investment income property, fully leased and cash flowing from day one. Offered at $330,000, which is below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,600 per month in rent per unit, totaling $3,200 per month or $38,400 per year in gross rental income. *Rent prices are subject to change.* 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.
Property Features
Location Information
County
Travis
Subdivision
Colony Meadows Sec 02
County
Travis
Directions
From US-183, head east on Loyola Ln. Turn left on Wentworth, then right on Riverstone Dr.
Area
3E
Interior Features
Interior
Pantry, Walk-In Closet(s)
Disabled Features
None
Number of Fireplaces
0
Appliances
Dishwasher, Electric Water Heater, Free-Standing Range, Disposal, Microwave, Refrigerator
Heating
Central, Ductless
Total Number of Units
2
Floors
Laminate
Accessibility
None
Laundry
Laundry Room
Exterior Features
Style
Frame
Garage Spaces
0
Stories
1
Fencing
Fenced, Privacy, Wood
Is New Construction
No
Lot Size in Acres
0.202
Construction/Exterior
Frame
Dimensions
73 X 120
Exterior
Exterior Steps
Waterfront Description
None
Foundation
Block, Pillar/Post/Pier
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
Additional Parking, Driveway, Off Street
Is One Story
Yes
School
Elementary School District
Austin ISD
Middle School
Garcia
Elementary School
Overton
High School
Lyndon B Johnson (Austin ISD)
Additional Information
Roof/Attic
Composition
APN
02173805130000
Other Utilities
Electricity Available, Sewer Connected, Water Connected
Status
Active
Property Type
RI
Pets
Call
Property SubType
Duplex
Documents Available
Lease
Year Built
2002
Square Feet Source
Public Records
Similar Listings
Mortgage Calculator
$1,541
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,189
Monthly Tax
$275
Monthly Insurance
$77
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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