Austin, TX 78724 8405 Riverstone Dr
$330,000
3 more
Presented By: My Castle Realty;
SQFT • 2,432
Home Details
Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1,600 per month in rent per unit, totaling $3,300 per month or $39,600 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. 2 other Identical Units available; Sold individually or as a bundle!
Presented By: My Castle Realty;
Interior Features for 8405 Riverstone Dr
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcePublic Records
FlooringLaminate
Interior AmenitiesPantry, Walk-In Closet(s)
Total Fireplaces
Window FeaturesVinyl Windows
General for 8405 Riverstone Dr
AccessibilityNone
AppliancesDishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Electric Water Heater
CityAustin
Community FeaturesNone
Construction MaterialsFrame
CoolingCentral Air, Electric, Wall/Window Unit(s)
CountyTravis
DirectionsFrom US-183, head east on Loyola Ln. Turn left on Wentworth, then right on Riverstone Dr.
DisclosuresSeller Disclosure
Elementary SchoolOverton
Energy EfficientNone
Facing DirectionNorth
Garage Spaces
Green SustainabilityNone
HOANo
HeatingCentral, Ductless
High SchoolLyndon B Johnson (Austin ISD)
LevelsOne
Lot Size Square Feet9012.56
MLS Area3E
Middle/Junior High SchoolGarcia
New ConstructionNo
Other StructuresNone
Patio/Porch FeaturesNone
Pets AllowedCall
Property ConditionResale
Property SubtypeDuplex
Property TypeResidential Income
RoofComposition
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameColony Meadows Sec 02
Tax Annual Amount6691.81
Tax Assessed Value360635
Tax Year2025
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewNone
Waterfront FeaturesNone
Year Built2002
Year Built SourcePublic Records
Exterior for 8405 Riverstone Dr
Covered Spaces
Exterior AmenitiesExterior Steps
FencingBack Yard, Wood
Foundation DetailsBlock, Pillar/Post/Pier
Horse Y/NNo
Lot FeaturesLevel, Public Maintained Road, Trees-Small (Under 20 Ft)
Lot Size Acres0.2069
Other EquipmentVaries by Unit
Parking FeaturesAdditional Parking, Driveway, Off Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Garcia Middle School
High School
Lyndon B Johnson (Austin ISD) High School
Elementary School
Overton Elementary School
Raye Krustchinsky
Agent