8905 Tronewood Dr Austin, TX 78758
- Residential income homes
- 21,900 SF
Current Use by Public Records
- Residential income homes
Property Details for 8905 Tronewood Dr
- Year built
- 1972
- Property size
- 21,900 SF
- Property type
- Residential income homes
- APN
- 247285-87, 247290-91
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.711018186175
- Latitude
- 30.363678543752
