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8203 Riverstone DR Austin, TX 78724

Hold
$310,000
8203 Riverstone DR Austin, TX 78724
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TX > Austin > Colony Meadows Sec 02
Austin, TX 78724,8203 Riverstone DR
Austin, TX 78724,8203 Riverstone DR
Austin, TX 78724,8203 Riverstone DR
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Charles Barrow

Charles Barrow

charles@purerealty.com +1(512) 923-2306
$310,000
Est. payment /mo
2,356 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Hold

Purchase Type For Sale

Square Footage 2,356 sqft

Price per Sqft $131

Subdivision Colony Meadows Sec 02

MLS Listing ID 9129172

HOA Y/N No

Year Built 2002

Annual Tax Amount $6,552

Tax Year 2025

Lot Size 8,415 Sqft

Acres 0.1932

Property Sub-Type Duplex

Source actris

Property Description

Great investment income property, fully leased and cash flowing from day one. Offered at $310,000, which is below a recent $497,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1450 per month in rent per unit, totaling $3,150 per month or $37,800 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!

Location

State TX

County Travis

Area 3E

Interior

Interior Features Pantry, Walk-In Closet(s)

Heating Central, Ductless

Cooling Central Air, Electric, Wall/Window Unit(s)

Flooring Laminate

Fireplace Y

Appliance Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Electric Water Heater

Exterior

Exterior Feature Exterior Steps

Fence Fenced, Privacy, Wood

Community Features None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

View None

Roof Type Composition

Accessibility None

Porch None

Building

Lot Description Level, Public Maintained Road, Trees-Small (Under 20 Ft)

Faces North

Foundation Block, Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

New Construction No

Schools

Elementary Schools Overton

Middle Schools Garcia

High Schools Lyndon B Johnson (Austin Isd)

School District Austin Isd

Others

Pets Allowed Call

Restrictions None

Acceptable Financing Cash, Conventional

Tax Rate 2.214

Listing Terms Cash, Conventional

Special Listing Condition Standard

Pets Allowed Call


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Listed by My Castle Realty • Polly Richards

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Charles Barrow

Charles Barrow

+1(512) 923-2306

Agent | License ID: 634636

Agent License ID: 634636

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Charles Barrow License ID: 634636

+1(512) 923-2306 charles@purerealty.com

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