8905 Tronewood Dr Austin, TX 78758
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20-unit, 5-building complex, high NOI.
Property size:
21,900 SFProperty Features for 8905 Tronewood Dr
General Information
- Property type
- Multifamily properties
- Square Feet
- 21,900 SF
- Class
- A
Building Details
- Year Built/Renovated
- 1972/2017
- Buildings
- 5
- Stories
- 2
- Units
- 20
Listing Agency: Clark Isenhour Real Estate Services, LLC Listing Agent: Scott Lovett
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a stabilized, Class A multifamily portfolio comprising five fourplex buildings totaling 20 units in Austin, Texas. Located at 8905 Tronewood Dr, Austin, TX 78758, this property boasts a total of 21,900 square feet on a 54,324 square foot lot. Built in 1972 and extensively renovated in 2017, the property features a mix of one-story, two-bedroom units and two-story, three-bedroom units, each with a private yard. The portfolio currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $351,143, with a pro-forma NOI of $361,173 and a pro-forma cap rate of 5.16%. The asking price is $6,995,000, representing a price per square foot of $319.41. The property benefits from its prime location, offering convenient access to The Domain's retail and dining options, nearby schools, parks, and other amenities. High-quality finishes, energy-efficient features, and attractive landscaping enhance the property's appeal. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable Austin location. The property is comprised of two and three bedroom units with hardwood and tile floors, high-end finishes, energy efficient and smart fixtures, and appealing landscaping. The common areas feature energy-efficient LED lighting. The property's APN is 247285-87, 247290-91.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.711018186175
- Latitude
- 30.363678543752
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FAQs
What type of property is this?
Multifamily property - 20-unit, 5-building complex, high NOI.
Where is this multifamily property located?
The property is located at 8905 Tronewood Dr Austin, TX.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Investment opportunity: Portfolio of five 4-plexes totaling 20 units, 100% occupied.; Asking price: $6,995,000.; Projected Net Operating Income (NOI): $361,173.
