8403 Riverstone Drive

Austin, TX 78724

  • 6 Bed(s)
  • 4 Bath(s)
  • 2,160 Sqft
  • 0.202
    Acre(Lot)
$399,000

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.

  • Property Type

    ResidentialIncome

  • Subdivision

    Colony Meadows Sec 02

  • County

    Travis

  • Style

    ResidentialIncome

  • AD ID

    50098411

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Property Details

  • Interior Features

    • Pantry,WalkInClosets
    • Roof: Composition

    Roofing Information

    • Composition

    Flooring Information

    • Laminate

    Heating & Cooling

    • Heating: Central,Ductless
    • Cooling:

  • Building Information

    • Year Built: 2002

    Exterior Features

    • ExteriorSteps

  • Lot Information

    • Lot Dimensions: 73 X 120
    • Lot Description: Level,TreesSmallSize
    • Main Square Feet: 0.202

    Property Information

    • Subdivision: Colony Meadows Sec 02

  • Tax Information

    • Annual Tax: $7373.14

  • Parking Information

    • None

  • School Information

    • Elementary School: Overton
    • Junior High School: Garcia
    • Senior High School: Lyndon B Johnson (Austin ISD)

    Utility Information

    • ElectricityAvailable,SewerConnected,WaterConnected

    Location Information

    • Direction: From US-183, head east on Loyola Ln. Turn left on Decker Ln, then right on Colony Loop Dr. Turn right on Sandhof Dr, then left on Riverstone Dr. Property will be on the right.
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BuyOwner last updated this listing 06/07/2025 @ 18:29

  • MLS: 5411757
  • LISTING PROVIDED COURTESY OF: Gary Bisha, My Castle Realty
  • SOURCE: ACTRIS

is a Home, with 6 bedrooms which is for sale, it has 2,160 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.