5501 A Charles Merle Dr. ⋅Austin, TX

Income Property Opportunity in South Austin – Tenant Occupied

5501 A Charles Merle Dr, Austin, TX 78747
Goodnight Ranch Community
3 Bedrooms | 2.5 Bathrooms | 1,840 SqFt | Built in 2019

Property Overview

Discover a turnkey investment opportunity in one of South Austin’s most desirable master-planned communities — Goodnight Ranch.
This modern two-story townhouse offers both immediate income and long-term appreciation potential.

Currently leased at $1,900 per month for 12 months, this property provides steady, reliable cash flow from day one, with an estimated cap rate of approximately 4.5% based on the current rent and list price of $399,700.

Built in 2019, the home features a bright open-concept layout, a modern kitchen with stainless steel appliances, and a private balcony overlooking the community pond and trails. The two-car rear-entry garage adds convenience and extra storage space.

Community & Location

Goodnight Ranch offers residents access to exceptional amenities —
?? Resort-style pool
?? Parks & green spaces
?? BBQ areas
?? Scenic walking trails

Located just 20 minutes from COTA (Circuit of the Americas) and with easy access to I-35, this home is ideally positioned near shopping, dining, and top-rated Austin ISD schools.