8920 Trone CirAustin, TX 78758

For Sale
$4,500,000

12-unit, Class A investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional multifamily investment opportunity consists of three 4-plex buildings totaling 12 units, situated on a desirable corner lot in Austin, Texas. Built in 1972 and extensively renovated in 2017, the property boasts 13,140 square feet of net rentable space, currently operating at 100% occupancy. The property features a mix of two-story units, offering a blend of modern design and comfortable living. High-quality finishes, energy-efficient fixtures, and attractive landscaping enhance the appeal. Residents enjoy private yards and ample parking. The property's prime location offers convenient access to The Domain's retail and dining options, as well as nearby schools, parks, and hospitals. The strong financial performance is reflected in a 4.82% cap rate and a pro-forma NOI of $216,705. This stabilized investment presents a compelling opportunity for a discerning buyer seeking a high-performing asset in a thriving Austin market. The property is conveniently located near Wooldridge Elementary School and offers easy access to Hwy 183. The units feature hardwood and tile floors, and contemporary interiors with high-end finishes. The asking price for this 12-unit portfolio is $4,500,000.

Property Details for 8920 Trone Cir

Property type
Multifamily properties, Residential income homes
Square Feet
13,140 SF
Class
A
Year Built/Renovated
1972/2017
Buildings
3
Stories
2
Units
12

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.363938078553
Longitude
-97.710390595836
8920 Trone Cir, Austin, Texas

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8920 Trone Cir
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