UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,240 sqft
Price per Sqft $234
Subdivision Cherry Creek Ph V Sec 01
MLS Listing ID 4859294
HOA Y/N No
Year Built 1983
Annual Tax Amount $18,434
Tax Year 2024
Lot Size 0.417 Acres
Acres 0.4171
Property Sub-Type Quadruplex
Source actris
Property Description
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!
Location
State TX
County Travis
Area 10N
Interior
Interior Features Ceiling Fan(s), Laminate Counters, No Interior Steps, Pantry, Recessed Lighting
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Laminate, Linoleum, Tile
Fireplace Y
Appliance Dishwasher, Disposal, Exhaust Fan, Gas Range
Exterior
Exterior Feature Balcony
Fence None
Community Features None
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Waterfront Description Creek
View Creek/Stream
Roof Type Composition
Accessibility None
Porch Deck
Total Parking Spaces 8
Building
Lot Description Back Yard, Cleared, Cul-De-Sac, Curbs, Front Yard, Level, Public Maintained Road, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Views
Faces Northeast
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type HardiPlank Type,Masonry – Partial
New Construction No
Schools
Elementary Schools Sunset Valley
Middle Schools Covington
High Schools Crockett
School District Austin Isd
Others
Pets Allowed All
Restrictions City Restrictions,Deed Restrictions
Acceptable Financing Cash, Conventional
Tax Rate 1.98
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed All
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