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    8920 Trone Cir Austin, TX 78758

    For Sale
    $4,500,000

    12-unit, Class A investment opportunity.

    Property size:
    13,140 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 8920 Trone Cir

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,140 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1972/2017
    Buildings
    3
    Stories
    2
    Units
    12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horus Anhur Entertainer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.710390595836
    Latitude
    30.363938078553

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    FAQs

    What type of property is this?
    Multifamily property - 12-unit, Class A investment opportunity.
    Where is this multifamily property located?
    The property is located at 8920 Trone Cir Austin, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (979) 268-6840
    Request Owner's contact information
    8920 Trone Cir Austin, TX 78758
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    Austin, TX 78758
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8920 Trone Cir Austin, TX 78758
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