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Income Property Opportunity in South Austin – Tenant Occupied 3 Bedrooms | 2.5 Bathrooms | 1,840 SqFt | Built in 2019 Great opportunity to own a well-maintained townhouse in the desirable Goodnight Ranch community of South Austin. This two-story home offers 3 bedrooms, 2.5 bathrooms, and 1,840 sq ft of comfortable living space with a functional open-concept layout. The property is currently tenant-occupied at $1,900 per month, offering immediate rental income. Lease details available upon request. Buyers are advised to verify all terms and discuss any potential changes with the tenant after closing. Built in 2019, the home features a modern kitchen with stainless steel appliances, a bright living area, and a private balcony overlooking the community pond and walking trails. A two-car rear-entry garage provides added convenience. Residents enjoy access to community amenities, including: Pool Parks and green spaces BBQ areas Walking trails Conveniently located with easy access to I-35, and approximately 20 minutes from COTA (Circuit of the Americas), as well as nearby shopping, dining, and Austin ISD schools. Property is subject to an existing lease. Showings require advance notice. Please contact the listing agent for details.

Source: Austin MLS, MLS#: 7185625

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  • Property Type
    Residential
  • Lot
    0.10 acres

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Pamela Buske

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5501-A Charles Merle DR #20


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/30/2026Source: Austin MLS Added to Database
April 30, 2026
Listing provided courtesy of Lumena Realty- MLS# 7185625MLS Provider