1403 Waterloo Trl Positioned in the heart of Austin's iconic 78704, this income-producing duplex blends prime location with meaningful upgrades and long-term upside. Recent capital improvements include new HVAC systems installed in 2025 and 2021, offering immediate value and improved efficiency from day one. Situated on an expansive .256-acre lot in Cinnamon Ridge with no HOA, the property features separate electric and gas meters and a slab foundation, providing streamlined management and strong potential for future value-add opportunities. Each unit features a functional single-story layout with efficient use of space, including open living areas, breakfast bar seating, durable tile and wood flooring, private entrances, and separately fenced yards, all designed to support consistent tenant demand and ease of leasing. Unit B was thoughtfully updated in 2015 with new walls, plumbing, electrical, energy-efficient windows, natural wood flooring, and a fully renovated kitchen and bath. Both units also include generous closet space and dedicated storage rooms located off the driveway. Zoned to Zilker Elementary, O. Henry Middle, and Austin High, the property benefits from highly desirable schools that further support long-term appreciation and tenant demand. Just minutes from South Lamar's most sought-after destinations including Uchi, Loro, Odd Duck, Matt's El Rancho, Easy Tiger, The Broken Spoke, Gibson Street Bar, Black Sheep Lodge, and Radio Coffee and Beer, you're immersed in the best of Austin's dining, live music, and nightlife. Enjoy quick access to Barton Springs, Zilker Park, and downtown, placing you at the center of everything that defines the 78704 lifestyle. With generous land size, strong income potential, and unmatched proximity to Austin's cultural core, this property presents a rare opportunity to expand, enhance, or hold as a strategic asset where location, flexibility, and recent mechanical upgrades align.