8201 Riverstone Dr - Apartments FOR SALE


Austin, TX 78724
$715,000 USD
512-395-5017
8201 Riverstone Dr, Austin, TX for Sale
$715,000 USD
Apartments - FOR SALE
1/10
null | 7.54% Cap Rate

8201 Riverstone Dr
Austin, TX 78724


HIGHLIGHTS

  • 8201 Riverstone Drive is home to a recently renovated, cash-flowing four-plex building with all separate meters.
  • A prime investment opportunity to acquire a hands-off asset in Austin catering to large rental demand.
  • All units are occupied, presenting a rental income of $5,745; unit rents range from $1,350 to $1,495, while Austin's market rent averages $1,500.
  • The units are well-maintained. There is parking on-site, bathrooms with tubs/showers, and washers/ dryers in the units.

OVERVIEW

Welcome to the stabilized investment opportunity of an Austin, TX, four-plex at 8201 Riverstone Drive. The four-plex is fully occupied, cash-flowing, and well-maintained. A smooth ownership transition is very feasible and anticipated, with upside potential to raise rents for further cash flow. Units feature ceiling fans, full kitchens, washers and dryers in-unit, and full bathrooms with tub/showers. There are stainless steel appliances and large windows for abundant natural light. Inquire today to learn more of this recently renovated, income-generating Austin asset. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

4

PRICE/UNIT

$178,750

CAP RATE

7.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austin Four-Plex w/ Cash-Flow and Renovations

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

499837

ASK ABOUT THIS PROPERTY

Hasan YacoubAll City Real Estate, Ltd. Co.More Info
512-395-5017

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Hasan YacoubAll City Real Estate, Ltd. Co.More Info
512-395-5017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.