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  • $399,000

    8403 Riverstone Dr, Austin, TX 78724

    6beds
    4baths
    2,160sqft
    : 
    Duplex
    Built in 2002
    -- sqft lot
    $-- Zestimate®
    $185/sqft
    $-- HOA

    What's special

    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.
    33 days
    on Zillow
    |
    418
    |
    34
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 07, 2025 at 02:06am

    Listed by:

    Gary Bisha (713) 683-0054,

    My Castle Realty (713) 683-0054

    Source: Unlock MLS,MLS#: 5411757MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 8403 Riverstone Dr.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Rooms
    • Room types: Kitchen
    Heating
    • Central, Ductless
    Cooling
    • Central Air, Electric, Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Electric Water Heater
    Features
    • Pantry, Walk-In Closet(s)
    • Flooring: Laminate
    • Windows: Vinyl Windows
    Interior area
    • Total interior livable area: 2,160 sqft

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: None
    • Exterior features: Exterior Steps
    • Pool features: None
    • Fencing: Fenced, Privacy, Wood
    • Has view: Yes
    • View description: None
    • Waterfront features: None
    Lot
    • Size: 8,799.12 Square Feet
    • Dimensions: 73 x 120
    • Features: Level, Public Maintained Road, Trees-Small (Under 20 Ft)
    Details
    • Additional structures: None
    • Parcel number: 02173805130000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Foundation: Block, Pillar/Post/Pier
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: None
    • Subdivision: Colony Meadows Sec 02
    HOA
    • Has HOA: No
    Location
    • Region: Austin

    Financial & listing details

    • Price per square foot: $185/sqft
    • Tax assessed value: $372,040
    • Annual tax amount: $7,373
    • Date on market: 6/6/2025
    • Listing terms: Cash,Conventional
    • Electric utility on property: Yes
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