5306 Indio Cv
Austin, TX 78745
- – beds
- – baths
- 4,240 sqft
- ~1/2 acre lot
- $247 per sqft
- 1983 build
- – on site
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!
Last checked:
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Last updated Apr 3, 2025
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MLS# 4859294 —
The Building
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Year Built:1983
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New Construction:false
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Roof:Composition
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Foundation:Slab
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Exterior Features:Balcony
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Accessibility Features:None
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Patio And Porch Features:Deck
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Window Features:Aluminum Frames
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Levels:Two
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Direction Faces:NE
Interior
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Interior Features:Ceiling Fan(s)
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Room Type:Primary Bedroom
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Flooring:Laminate
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Laundry Location:Inside
Room Dimensions
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Living Area:4240
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Living Area Source:Public Records
Financial & Terms
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Possession:Subject To Tenant Rights
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Restrictions:City Restrictions
Location
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Latitude:30.221964
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Longitude:-97.805081
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Directions:South Lamar/Highway 290 Service Road to Westgate. Turn right onto Westgate past Central Market to Indio Drive. Left on Indio Drive to Indio Cove. Right into Indio Cove and the 4-plex is straight ahead.
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Parcel Number:04121506420000
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Property Condition:Resale
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Other Structures:None
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Lot Features:Back Yard
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Lot Size Acres:0.4171
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Lot Size Area:0 Sqft
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Lot Size SqFt:18,168 Sqft
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SqFt Total:4,256 Sqft
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View:Creek/Steam
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Waterfront:false
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Waterfront Features:Creek
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Horse:false
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Fencing:None
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FEMA Flood Plain:See Remarks
Listing Agent
- Contact info:
- Agent phone:
- (512) 413-9456
- Office phone:
- (512) 866-3795
Taxes
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Tax Annual Amount:$18,434.99
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Tenant
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s)
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Sunset Valley
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Elementary School District:Austin ISD
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Middle School:Covington
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Middle School District:Austin ISD
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High School:Crockett
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High School District:Austin ISD
The Community
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Subdivision Name:Cherry Creek Ph V Sec 01
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Community Features:None
Parking
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Parking Features:Carport
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Garage:false
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
