8924 Trone CirAustin, TX 78758

Property Details for 8924 Trone Cir

Year built

1972

Property size (Sq ft)

4,380 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Class A, 4-unit multifamily property in Austin, TX, presents a compelling investment opportunity. Located at 8924 Trone Cir, 78758, this 4,380 square foot property boasts 100% occupancy and a strong 4.82% cap rate, generating a Pro-Forma NOI of $72,235. Built in 1972 and extensively renovated in 2017, the two-story building offers a blend of modern amenities and classic charm. The property benefits from its prime location, offering convenient access to The Domain's vibrant retail and dining scene, as well as nearby schools, parks, and hospitals. Each unit features high-end finishes, energy-efficient appliances, and private yards. The property's contemporary design, including energy-efficient LED lighting and tasteful landscaping, contributes to its high desirability and strong rental income. This stabilized investment is priced at $1,500,000 and represents a rare opportunity to acquire a high-performing asset in a thriving Austin market. The property's strong performance metrics and desirable location make it an ideal addition to any investment portfolio. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3639

Longitude

-97.7109

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