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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 UPDATED | 4/1/2025 | TRACT | Cherry Creek Ph V Sec 01 |
|---|---|---|---|
| YEAR BUILT | 1983 | COMMUNITY | Cherry Creek Ph V Sec 01 |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Sunset Valley |
|---|---|
| Jr. High School | Covington |
| High School | Crockett |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Exhaust Fan, Gas Range |
| AREA | 10N |
| CONSTRUCTION | HardiPlank Type |
| EXTERIOR | Balcony |
| HEAT | Central, Exhaust Fan |
| INTERIOR | Ceiling Fan(s), Laminate Counters, Pantry, Recessed Lighting |
| LOT | 0.4171 acre(s) |
| LOT DESCRIPTION | Back Yard, Cleared, Cul-De-Sac, Front Yard, Level, Views |
| PARKING | Carport, Common, Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Cherry Creek Ph V Sec 01 |
| TAXES | 18434.99 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Creek/Stream |
| WATER | Public |
| WATERFRONT DESCRIPTION | Creek |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Ryan Rogers, Douglas Elliman Real Estate
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 4/3/25 5:13 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.