8503 Colony Loop Drive

Austin, TX 78724

$695,000
Price
8
Beds
4
Baths
3,120 Sq. Ft.
$223 / Sq. Ft.
3,120
Sq. Ft.
$223
per Sq. Ft.

Description

Great corner lot within sight of the Travis County Expo Center, and less than a mile to the 203-acre Colony Park development project! With 3 of the four units at under market rents and the building and interiors in good condition this is an easy project to add value and cashflow for first-time investors and seasoned pros alike. Set up shorter rentals for major Expo events like the Austin Rodeo, or traditional annual leases at market rates to improve cashflow in the property.Great corner lot within sight of the Travis County Expo Center, and less than a mile to the 203-acre Colony Park development project! With 3 of the four units at under market rents and the building and interiors in good condition this is an easy project to add value and cashflow for first-time investors and seasoned pros alike. Set up shorter rentals for major Expo events like the Austin Rodeo, or traditional annual leases at market rates to improve cashflow in the property.
  1. Listed by Jacob Rodrigues Pereira • TREC #0724150 • North Loop Realty • (512) 576-7249

Property Details for 8503 Colony Loop Drive

Subdivision Name
Colony Meadows Sec 01
Waterfront
No
Waterfront Description
Stream
Water Access Description
Stream
View
None
View YN
No
Pets Allowed
Yes
Parcel Number
2174002030000
LISTING UPDATED: 09/30/2024 01:32 PM

Property Details for 8503 Colony Loop Drive

StatusActive
MLS #2900562
Days on Market186
Taxes$9,598 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1984
Lot Size0.31 AC / 13,394 SF
CountyTravis County

Building Information for 8503 Colony Loop Drive

Stories2Residences-Year Built1984Building Size-Lot Size0.31 AC / 13,394 SF

Property Information for 8503 Colony Loop Drive

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 8
  • Parking Features: Off Street
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: None, Storage
  • Flooring: Tile, Vinyl
  • Appliances: Cooktop, Dishwasher, Electric Range, Disposal
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: In Unit, Washer Hookup, Dryer Hookup, Electric Dryer Hookup
  • Restrictions: No Restrictions
Exterior
  • Exterior Features: Balcony
  • New Construction: No
  • Construction Materials: Masonry, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Front Porch, Balcony
  • Roof: Shingle
  • Fencing: None
  • Direction Faces: North
  • Window Features: None
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Corner Lot, Wetlands
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Owner Pays: None
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: D
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,411.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 08-31-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,295.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: C
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,045.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 09-30-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $935.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: B
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $.00
  • LeasedYN: No
  • OccupantType: Vacant
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 4
  • UnitNum: A
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,145.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 11-30-2024
  • PetDeposit: $1,000.00
  • PetDepositPerPetYN: No
  • Deposit: $1,090.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $557,337
  • Tax Year: 2024
  • Tax Rate: 1.00%
Showing Information
Showing Information
  • Security Features: None
  • Directions: East on Loyola, North on Decker, right on Colony Loop. It's the first fourplex on the left.

Property History for 8503 Colony Loop Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8503 Colony Loop Drive

Taxable ValueLand$75,000Additions$431,616Total$506,616
Tax Record2023$10,084 ($840 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories2Lot Size13,395 SqFtStyleQuadraplexYear Built1984CountyTRAVISAPN0217400203

Schools near 8503 Colony Loop Drive

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Overton Elementary School
PublicPK to 5

Dobie Middle School
Public6 to 8

Lbj High School
Public9 to 12

Garcia Ymla
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8503 Colony Loop Drive is a multi-family home for sale in Austin, TX 78724. This property was listed for sale on June 11, 2024 by North Loop Realty, it's currently listed at $695,000. It has been on the market for a total of 186 days and was last sold on August 25, 2020. This listing's school district is Austin Independent School District. Nearby schools include Overton Elementary School, Dobie Middle School and Lbj High School. 8503 Colony Loop Drive is a 8-bed, 4-bath, 3,120 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of North Loop Realty, Jacob Rodrigues Pereira, TREC #0724150

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.