FREE book: The Book on Texas Real Estate Investing — download now

40-Unit Cash Cow Just Came Back to Market

198 Tupelo St, Pittsburg
ROI
22.52% IRR
Strategy
Long Term Rental
40-unit cash cow just came back to market. Listed at $2.46M with a motivated seller, current rents at 90% occupancy are over $27k/mo. (6) 3-beds, (10) 2-beds, and (24) 1-bed units. On-site coin laundry, leasing office, common area with playground and park benches. Excellent cash flow with an 8.32% cap rate and 7.25% cocr.

Enter your email to download the proforma

< Back to Daily Deals

40-Unit Cash Cow Just Came Back to Market

Listed 01/09/2024

198 Tupelo St, Pittsburg

Purchase Price:$2,300,000

Cash Outlay:$736,000

Cashflow:$4,447/mo

Cap Rate:8.32%

IRR:22.52%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

New Caney Triplex House Hack Live Free Income Property $265K

19639 Maple Ln, New Caney

Purchase Price:$350,000

Cash Outlay:$904,500

Cashflow:$650/mo

Cap Rate:8.78%

IRR:25.10%

Long Term Rental

Killeen Quadplex 3 Bed Units Value Add 1%+ Potential $350K

1600 Dugger Cir, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$485/mo

Cap Rate:7.50%

IRR:18.90%

Long Term Rental

Killeen Quadplex 3 Bed Units Partial Vacancy Upside $360K

3202 Hereford Ln #A-D, Killeen

Purchase Price:$360,000

Cash Outlay:$97,200

Cashflow:$336/mo

Cap Rate:6.96%

IRR:16.26%

Long Term Rental

San Marcos Duplex 3 Bed Units Strong Rent Growth Corridor $350K

108 Gm Ln, San Marcos

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$115/mo

Cap Rate:6.23%

IRR:12.75%

Long Term Rental

Houston Energy Corridor Quadplex Katy ISD Fully Leased $675K

720 Memorial Mews St, Houston

Purchase Price:$675,000

Cash Outlay:$182,250

Cashflow:$121/mo

Cap Rate:6.05%

IRR:11.88%

Long Term Rental

Dallas 8 Unit Value Add Multifamily Lease Reset Opportunity $879K

3209 Norwalk Ave, Dallas

Purchase Price:$879,000

Cash Outlay:$237,330

Cashflow:$1,207/mo

Cap Rate:7.49%

IRR:18.83%