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
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
🌿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!
Contact us.
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