601 E Covington Dr Unit A & B, Austin, TX 78753
- $550,000
- 1,223
- SqFt
- List Price
- $550,000
- Status
- ACTIVE
- Days on Market
- 13
- MLS#
- 1420721
- Subtype
- Residential Income
- Year Built
- 1969
- Living Area
- 1,223
- Lot Size
- 15,036
- Acres
- 0.35
- Subdivision
- Walnut Forest
- Neighborhood
- Walnut Forest
- MLS Area Major
- Austin - East, Austin - North Central, Elgin/Manor, Pflugerville
Property Description
Excellent North Austin income-producing investment opportunity with strong cash flow and long-term appreciation potential. Owned by the same owner for more than 20 years and professionally maintained throughout that time, this beautifully renovated duplex sits on an oversized approximately 0.34-acre corner lot in a predominantly single-family neighborhood. The property features two spacious 2-bedroom, 1-bath units with modern updates and consistent rental demand. Each unit features durable, tenant-friendly finishes including wood-plank porcelain tile flooring throughout (no carpet), granite countertops, modern lighting, and upgraded Samsung stainless-steel appliances. Large living areas with floor-to-ceiling brick fireplaces add character, while converted garage spaces provide additional functional square footage ideal for a home office, game room, studio, or secondary living area. Both units include private fenced backyards with patio space, mature oak trees, and ample shade. A new cedar fence installed in 2025 enhances privacy and outdoor appeal. The oversized corner lot is a rare feature for a duplex and adds significant long-term land value. Major capital improvements include a full roof replacement in 2024. The property currently generates approximately $42,600 in annual gross rental income, providing immediate cash flow with future rent-growth potential. Conveniently located near major roadways, employment centers, shopping, and dining, this turnkey duplex offers investors a compelling combination of established ownership, professional maintenance, current income, recent improvements, and long-term appreciation potential. Owner/agent Chris Ricker /w Landmark Properties
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Additional Information
- Amenities
- Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Primary Bedroom on Main, Recessed Lighting
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Primary Bedroom on Main, Recessed Lighting
- Exterior Features
- Private Yard
- Taxes
- $10,700
- Appliances
- Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Water Heater
- Heating
- Central, Natural Gas
- Air Conditioning
- Central Air
- Exterior Construction
- Brick Veneer
- Stories
- 1
- Levels
- One
- Roof
- Composition
- School District
- Austin ISD
- Elementary School
- Walnut Creek
- Middle School
- Dobie (Austin ISD)
- High School
- Navarro Early College
- View
- No View
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Listing courtesy of Landmark Properties. Contact: (512) 255-8873
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