Prime Investment Opportunity in Austin: Quadplex at 5306 Indio Cove
Located in the desirable Cherry Creek neighborhood, 5306 Indio Cove offers a rare investment opportunity with four well-maintained 2-bedroom, 2-bathroom units, each approximately 1,060 square feet. Situated on a large .4171-acre lot, this quadplex backs up to a beautiful creek, providing tenants with a peaceful and natural setting. The property features a new roof installed in 2020, offering added peace of mind for the new owner. Each unit has been thoughtfully maintained, providing spacious floorplans and modern amenities. All four units are currently occupied by tenants on a month-to-month lease, all of whom wish to remain in place, offering immediate rental income for the buyer.
Built in 1983, this property is in excellent condition and presents a solid opportunity for long-term growth. Located within walking distance to Central Market South, residents enjoy easy access to shopping, dining, and entertainment, making it an ideal location for tenants. With easy access to public transportation and major roadways, this property is highly desirable. The large lot provides ample parking and outdoor space, and the quiet, creekside location further enhances its appeal. Whether you're looking to expand your portfolio or acquire a property with steady cash flow potential, 5306 Indio Cove offers the best of both worlds: a prime location in one of Austin’s most sought-after neighborhoods and a well-maintained property with strong rental demand. Don’t miss this fantastic investment opportunity in Austin!
4,240 Sq Ft
0.4171 Private Acres Exterior Space
Investment
$18,435 Annual Tax
Built in 1983
MLS/Listing ID 4859294
2 Stories
Laminate Countertops
Cooling - Ceiling Fans
Slab
Community - Curbs
Gas Range
Disposal
Exhaust Fan
Dishwasher
Lot - Backyard
Aluminum Frames
Creek
Composition
Balcony
Parking - Driveway
Parking - Common
Lot - Views
Lot - Medium Trees
Lot - Large Trees
Lot - Level
Lot - Front Yard
Lot - Cul-de-sac
Washer Hookup
Inside
Recessed Lighting
Pantry
No Interior Steps
Tile
Laminate
Creek Stream View
Deck
Parking - Carport
Lot - Cleared
Linoleum
Construction - Masonry
Construction - Hardi Plank Type
Pets Allowed
Listing Courtesy of DOUGLAS ELLIMAN REAL ESTATE, RYAN ROGERS - 512-866-3795
Source of Data: AUSTIN CENTRAL TEXAS REALTY INFORMATION SERVICE