4416 Campo Verde Dr - Create Cash Cow adding ADU + 4th Bedroom 1 Unit Apartment Building Offered at $665,694 CAD at a 5.08% Cap Rate Austin, TX 78749

South Austin Investment Opportunity: Increase Rental Income with a Fourth Bedroom and Future ADU
4416 Campo Verde Drive, Austin, TX 78749
Positioned in an established South Austin neighborhood, 4416 Campo Verde Drive offers investors an opportunity to acquire a spacious home with immediate rental potential and multiple paths to increase future cash flow.
The property currently includes three bedrooms, two-and-a-half bathrooms, multiple living areas, and a large upstairs loft. By enclosing and properly permitting the loft as a fourth bedroom, an investor may be able to increase the home’s rental income without expanding the existing building footprint.
The private, fenced backyard may also provide an opportunity to construct a detached accessory dwelling unit, creating a second potential rental stream. Any loft conversion or ADU would be subject to City of Austin regulations, building permits, utility capacity, setbacks, deed restrictions, HOA requirements, and independent feasibility review.
Estimated Rental Income:
Current three-bedroom configuration: approximately $3,100 to $3,350 per month
Potential permitted four-bedroom configuration: approximately $3,450 to $3,650+ per month
Potential combined income with a future detached ADU: approximately $4,500+ per month
These projections are estimates only. Actual rents will depend on market conditions, construction quality, bedroom permitting, ADU size, final layout, operating expenses, and tenant demand.
Property Features:
Three bedrooms and two-and-a-half bathrooms
Large upstairs loft with potential fourth-bedroom conversion
Multiple living and dining areas
Dramatic two-story ceilings
Open-concept island kitchen
Breakfast area and family room
Spacious primary suite with ensuite bathroom
Large walk-in closet
Private, fenced backyard
Potential space for a detached ADU
Built in 1999
Approximately 0.14-acre lot

Investor Strategy:
An investor could lease the property in its current condition, convert the loft into a permitted fourth bedroom to increase the primary home’s rental value, and evaluate the backyard for a detached ADU to create an additional income-producing unit.
This phased approach may allow the buyer to generate income while pursuing longer-term improvements and increased cash flow.
South Austin Location:
Approximately 10 minutes from Downtown Austin, with convenient access to MoPac and I-35. Nearby amenities include Costco, H-E-B, Whole Foods, restaurants, shopping, hiking trails, nature preserves, community recreation areas, a lap pool, playgrounds, and neighborhood services.
Estimated Property Expenses:
Annual property taxes: approximately $9,707
HOA dues: approximately $50 per month
Austin ISD Schools
Cowan Elementary School
Covington Middle School
Bowie High School
School assignments, rental estimates, development potential, zoning, utilities, property expenses, permits, HOA requirements, deed restrictions, and all property information should be independently verified by the buyer.
Contact:
Kristen Fojtik, REALTOR®
Compass
512.364.1131
kristen.fojtik@compass.com
Buyer to independently confirm all information with the City of Austin, the HOA, applicable professionals, and appropriate governmental agencies.