Turnkey Investment Opportunity

Pond-View Condo in Vibrant Goodnight Ranch Community

5501 A Charles Merle, Austin TX 78747

MLS #7185625

1,840 Sq. Ft. | 3 Beds | 2 Full Baths | 1 Half Baths
New Price Improved: $399,700

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Open-concept living room and kitchen with white walls, beige sectional sofa, wooden dining table with chairs, and kitchen with white cabinets and stainless steel appliances.

Income Property Opportunity in South Austin

Tenant Occupied | $399,700

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.

About the Property

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.

Live in style just 20 minutes from COTA (Circuit of the Americas) in this beautifully maintained two-story condo located in the vibrant Goodnight Ranch community!

✨ 3 spacious bedrooms | 2.5 baths
🏡 Open-concept living & dining
🍽️ Stainless steel appliances
🧺 In-unit washer & dryer
🌅 Private balcony with pond & trail views
🚗 Rear-facing 2-car garage
🏊 Community pool, parks, BBQ areas, and miles of scenic trails

📍 Easy access to I-35, downtown Austin, top-rated schools, and all the entertainment South Austin has to offer.

Whether you're a racing fan, outdoor enthusiast, or just looking for a beautifully located home — this one has it all!

🔗 Property Details & Photos: View Full Story & Features

A modern two-story apartment building with gray and white exterior walls, wooden doors, and small balconies. In front, a tree with budding leaves and neatly trimmed bushes line the sidewalk.
A modern, multi-story residential building with gray and white exterior walls, orange doors, and small balconies, surrounded by green bushes and a sidewalk in a suburban neighborhood.
Open-concept living room and kitchen with white walls, beige sectional sofa with pillows, wooden dining table with chairs, and a modern kitchen with white cabinets and appliances.
Living room with light-colored sofa, artwork on walls, windows with view of greenery, wooden floor, and modern lighting.
Open-concept kitchen and dining area with white cabinets, a wooden dining table with six chairs, a sliding barn door, and potted plant on a bookshelf.
Open floor plan kitchen and living room with white cabinets, stainless steel refrigerator, dining table, cream sofa, and multiple windows
Modern kitchen with white cabinets, stainless steel appliances, a granite countertop island, and a window over the sink.
Modern kitchen with white cabinets, stainless steel appliances, countertop with a toaster, cookbook, and coffee maker, window above the sink, and wood flooring.
A bedroom with a ceiling fan, a bed with white bedding, a bedside table with a lamp, three small windows, a door with blinds, a framed landscape painting, and a floor fan.
View from a balcony overlooking a street, trees, a pond, and distant apartment buildings under a colorful sunset sky
Bathroom with a double sink vanity, large mirror, wall-mounted light fixture, small window, and a glass-enclosed shower in the background.
A clean, modern bathroom with a large mirror, white double vanity with two sinks, a glass shower enclosure, a small window, and a beige striped rug on the floor.
Children's bedroom with a crib, teepee tent, white armchair, bookshelf, window with curtains, wall decorations, and a ceiling fan.
Empty home office with a desk, two monitors, a black office chair, and a window showing neighboring houses.
A modern bathroom featuring a large mirror, a white vanity with a sink and storage drawers, a toilet, a shower with a white curtain, and a small window near the ceiling, with white walls and tiled flooring.
Bathroom vanity with a round mirror, white countertop, faucet, soap dispenser, and blue accent wall.
A laundry room with a top-loading washing machine and a front-loading dryer side by side, against a light-colored wall with a shelf above.
Backyard with a small tree, bushes near the house, two pink chairs on stone and gravel pathway, wooden fence, house with black door, small window, and cloudy sky.
Backyard with two pink chairs, a small tree, a bush, a wooden fence, and a house exterior.
Backyard with a concrete walkway, pink outdoor chairs on a gravel area, green grass, a gray door, and a fence on the left.
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View from a balcony overlooking a quiet street, with trees, a small pond, and modern apartment buildings under a colorful sunset sky.

🌿Community Amenities Included in the HOA

Residents of Goodnight Ranch enjoy access to an array of premium amenities that promote an active, outdoor lifestyle:

  • Resort-style pool (open daily from 5:00 AM to 11:00 PM)

  • Multiple pocket parks and BBQ areas

  • A scenic 3-mile trail system perfect for walking, jogging, or biking

  • Four serene community ponds

  • Access to Onion Creek Metropolitan Park (550+ acres)

  • Planned connectivity to a future Town Center and Park District

With easy access to I-35, downtown Austin, shopping, dining, and top-rated Austin ISD schools, this home offers the perfect combination of modern comfort, community living, and unbeatable location.

📞 Schedule your private showing today and discover what makes Goodnight Ranch truly special!

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