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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

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.
More about this property
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