1. Texas
  2. Austin
  3. 8203 Riverstone DR
$345,000

8203 Riverstone DR, Austin, TX 78724

  • 2,356 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 2002
  • Property Lot Size Icon8,416sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $146/sqft
  • Property List Date Icon Listed 2 days ago

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.

Listing Status:
Active
Listing Office:
My Castle Realty : (713) 683-0054
Listing Agent:
Polly Richards : (281) 460-4539
MLS ID:
9129172
  • General: PantryWalk-In Closet(s)
  • Rooms: BathroomKitchenLaundryLiving Room
  • Appliances: DishwasherDisposalMicrowaveFree-Standing RangeRefrigeratorElectric Water Heater
  • Laundry: Laundry Room
  • Flooring: Laminate
  • A/C: Central AirElectricWall/Window Unit(s)
  • Heating: CentralDuctless
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: NoneNone

This listing courtesy of Polly Richards, My Castle Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Overton Elementary School

7201 Colony Loop Dr, Austin, TX, 78724

Grades EE-5

0.57 miles away

G

Garcia Ymla

7414 Johnny Morris Rd, Austin, TX, 78724

Grades 6-8

1.42 miles away

L

LBJ Early College High School

7309 Lazy Creek Dr, Austin, TX, 78724

Grades 9-12

2.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

8405 Riverstone DR, Austin, TX 78724New listing icon New - 2 days ago
Duplex For Sale

$345,000

  • 2,432 sqft |
  • 9,013 sqft lot
8405 Riverstone DR Austin, TX 78724

#7721422 - My Castle Realty