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8403 Riverstone Dr

Austin TX 78724

2160 sq. ft.
8799.12 sq. ft.
Duplex
Currently for sale - view listing

Overview

Great investment income property, fully leased and cash flowing from day one. Offered at $310,000, which is below a recent $490,000 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.

Features

2160 sq. ft. floor area
8799.12 sq. ft. lot size
Duplex

Property history for 8403 Riverstone Dr

2018
Sold
Undisclosed
20 Nov 2018 by Steve Nastri
2017
Sold
Undisclosed
27 Feb 2017 by Adrienne Overton, of Keller Williams Realty Southwest Market Center - Austin
2017
Sold
Undisclosed
27 Feb 2017 by Adrienne Overton, of Keller Williams Realty

Happy sellers in Austin

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We have insufficient information to provide an overview of customer satisfaction for Austin. Viewing the agent profiles, reviews and sales for Austin can provide insights for this location.

Local market activity for duplexes in Austin

In the last 12 months, 6 duplexes similar to 8403 Riverstone Dr, have been sold.

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