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8403 Riverstone DR
Austin, TX, 78724
$399,000
Beds
0 Baths
2,160 SqFt
0.2 Acres
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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 Details

Price:
$399,000
MLS #:
5411757
Status:
Active
Beds:
0
Baths:
0
Address:
8403 Riverstone DR
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Colony Meadows Sec 02
City:
Austin
Listed Date:
Jun 6, 2025
State:
TX
Finished Sq Ft:
2,160
ZIP:
78724
Lot Size:
8,799 sqft / 0.20 acres (approx)
Year Built:
2002
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Schools

School District:
Austin ISD
Elementary School:
Overton
Middle School:
Garcia
High School:
Lyndon B Johnson (Austin ISD)

Interior

Appliances
Dishwasher, Disposal, Microwave, Free- Standing Range, Refrigerator, Electric Water Heater
Cooling
Central Air, Electric, Wall/ Window Unit(s)
Flooring
Laminate
Heating
Central, Ductless

Exterior

Community Features
None
Exterior Features
Exterior Steps
Other Structures
None
Parking Features
None
Roof
Composition

Financial

Taxes
$7,373

Map

Community

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8403 Riverstone DR
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