$285,000

Property Overview

This charming brick veneer home on Meadows Drive in Round Rock, Texas presents an attractive investment opportunity with an established tenant and lease running through November 2027. The single-story, 1,032 square-foot residence features three bedrooms and two bathrooms positioned on the main level, eliminating the need for stairs and maximizing accessibility. Mature shade trees frame both the front and rear yards, while a covered patio extends the living space and creates an ideal gathering spot in the heart of Old Town Meadows.

The home's practical layout includes vinyl woodgrain flooring throughout, an updated kitchen with modern appliances, and a 2-car garage offering ample parking and storage on the 7,784 square-foot lot. Central heating and cooling keep the space comfortable year-round, and the in-garage laundry adds convenience for tenants. Located in the top-rated Round Rock ISD with proximity to Dell headquarters, Premium Outlets, and the Round Rock Express, this property sits in one of Austin's most family-friendly communities.

For investors, the primary advantage lies in the turnover-free acquisition—the existing lease provides immediate rental income and an established tenant relationship at closing. This eliminates the typical landlord challenges of finding reliable renters, making it an ideal addition to a growing investment portfolio.

Vox Real Estate Insight

At $276 per square foot, this property commands a premium above Round Rock's $200 median, reflecting its investment-ready status and established tenant base that generates immediate cash flow. The Vox Real Estate team recognizes that properties with occupancy already in place at closing are increasingly sought after by Austin-area investors looking for hassle-free portfolio expansion.

Agent Description

Shaded afternoons on the covered patio, backyard gatherings, and the comfort of a welcoming home—1503 Meadows Drive offers the relaxed lifestyle renters love, along with an opportunity for investors to purchase with a tenant and lease already in place through November 2027. This charming 3-bedroom, 2-bathroom home features vinyl woodgrain flooring, an updated kitchen with modern appliances, and a 2-car garage with room for parking and storage. Mature shade trees frame the front and back yards, while the covered patio creates an inviting spot to unwind or entertain. For investors, the existing tenancy means no need to start from scratch finding a renter at closing. The remaining lease term offers an established rental arrangement to evaluate as part of your investment strategy, paired with the everyday appeal of a West Round Rock location. Whether you’re building your rental portfolio or purchasing your first investment property, this home deserves a closer look. Contact Gigi for lease details, current rental income, and showing arrangements. Tenant occupied. Lease in place through November 2027. Showings by appointment with advance notice.

Neighborhood: Round Rock

This property is located in Round Rock, Austin, TX. The area is known for Dell HQ, Premium Outlets, Top Schools, Round Rock Express, Family-Friendly.

At $276/sqft, this listing is priced 36% above the Round Rock median of $203/sqft.

Property Details

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Parking

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