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$594,540

NAL Estimated Property Value

2407 Allred Dr, Austin, TX, 78748

Off MarketInfo
Beds— Beds
Baths5 Bath
Baths3,032 Sq Ft
DuplexDuplex
price_per_sqft$197.89 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size7,078 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces1

Land Information

APN04302302310000
Lot Number30
SubdivisionRiddle Road Duplexes
Land UseResidential
Legal DescriptionLOT 30 BLK A RIDDLE ROAD DUPLEXES
Census Tract031800
Assessed Land Value$252,461
Assessed Improvement Value$342,079
Assessment Year2025

About this property

This charming duplex is nestled in the heart of the small and quiet Riddle Oaks community in South Austin, offering the perfect blend of convenience and comfort. Each unit features three large bedrooms, two and a half bathrooms, spacious fenced backyards, and two-car garages. Gas appliances on each side. Side B is currently occupied by a tenant lease ending March 2025 , with a new AC unit, while Side A has been freshly updated with new paint and carpet, ready for immediate occupancy. Situated near Austin Bergstrom Airport (approximately 12 miles), downtown Austin (approximately 10 miles), and the Tesla Giga factory (approximately 18 miles), this location is highly sought after for its accessibility and vibrant community. This charming duplex is conveniently located less than a mile from Menchaca Rd, a bustling street known for its variety of bars and restaurants. Menchaca Rd is home to popular bars and restaurants such as Moontower Saloon, Luster Pearl, The Hive, Lulu, Armadillo Den, South Austin Beer Garden, and the newest addition, Pickle Bar. In addition, the street also boasts food trucks like Tejas Birra and Fat Boy Habachi, adding to the vibrant culinary scene of the area. Moreover, Menchaca Rd is currently undergoing development with a large pavilion being built for dining and retail establishments. This upcoming addition will further enhance the dining and entertainment options available in the neighborhood, providing a unique and exciting experience for residents and visitors alike. Each unit is currently renting for side A-$1975 & side B-$1925 with potential for higher rental income based on recent comparable rents. Don't miss this opportunity to own a piece of South Austin's thriving real estate market within the serene Riddle Oaks community. Contact us today to schedule a viewing!

Investor Tools

Property Icon
$594,540
Estimated Property Value
$549,818Estimated Mortgage Balance
$45,594Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$971/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$594,540
2025
$252,461
$342,079
$594,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$594,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Federated Mortgage Corp
Conventional
$566,675
No
First
Aug 29, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$549,818
$44,722
7%
92%
$3,398/mo

City: Austin

2407 Allred Dr | Property Details | No Agent List