Are you looking for a great investment opportunity in the bustling city of Austin? Look no further than this incredible income-producing property currently available for sale. This property not only offers a tenant currently leasing but also boasts a completely remodeled 1,200-square-foot home with an additional 200-square-foot building in the backyard.
One of the standout features of this property is that the home has been stripped down to its studs and rebuilt to resemble a brand-new home. With everything from the electrical system to the plumbing and insulation replaced, you can rest assured that this property is in excellent condition. The renovation also includes new windows, doors, paint, siding, and a brand-new roof.
As you step inside, you will immediately notice the open floor plan that combines the family room and kitchen, creating a seamless flow throughout the home. The redesign adds a modern touch and maximizes the use of space, making it perfect for entertaining guests or enjoying quality time with your family.
If you enjoy spending time outdoors, you will love the private backyard with its mature, towering trees. This serene oasis provides a peaceful retreat where you can relax and unwind after a long day.
Location is key when it comes to real estate, and this property does not disappoint. Situated on an oversized corner lot, it is conveniently located just 11 minutes away from the Apple campus, 14 minutes from Downtown Austin, 21 minutes from Tesla, 17 minutes from Samsung, and only 5 minutes from The Domain and Q2 Soccer Stadium. This prime location ensures easy access to major employers, entertainment venues, and shopping centers, making it an attractive option for potential renters.
Investing in this property also comes with added peace of mind. All appliances are covered by a manufacturer warranty, and the air conditioning system has a 10-year warranty, while the water heater has a 5-year warranty. This ensures that you won’t have to worry about unexpected expenses for years to come.
Currently, the property is generating a monthly rental income of $3,400, with a lease that expires on 7/12/23. This steady income stream makes it an ideal investment opportunity, allowing you to start earning a return on your investment immediately.
Don’t miss out on this fantastic investment property in Austin. With its prime location, stunning renovations, and reliable tenant, it offers the perfect opportunity for both seasoned investors and those new to the market. Take advantage of this opportunity and secure your future in the thriving real estate market of Austin.
8516 Contour DR, Austin, TX 78757