🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

6-Unit Value-Add Next to Bishop Arts District with Long, Mid, and Short-Term Rental Potential

601 S Oak Cliff Blvd, Dallas
ROI
20.81% IRR
Strategy
Short Term Rental
6-unit value-add next to Bishop Arts district with long, mid, and short-term rental potential. (4) 2 bed, 1 bath units and (2) 1 bed, 1 bath units. (5) units are occupied m2m, (1) is vacant. All units will need full cosmetics. ARV $900k+. $8800/mo gross long-term rents, $12k/mo mid-term, $14-15k/mo short-term. 5,484 sq ft 6-unit complex built in 1936. (4) 2 bed, 1 bath units and (2) 1 bed, 1 bath units. (5) units are currently occupied m2m, (1) is vacant. All units will need full cosmetics to be brought up to market rents, or to convert to a furnished mid-term or short-term rental.

Enter your email to download the proforma

< Back to Daily Deals

6-Unit Value-Add Next to Bishop Arts District with Long, Mid, and Short-Term Rental Potential

Listed 08/30/2023

601 S Oak Cliff Blvd, Dallas

Purchase Price:$675,000

Cash Outlay:$341,000

Cashflow:$2,277/mo

Cap Rate:8.72%

IRR:20.81%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Occupied Duplex Near Beacon Hill

816 W Olmos Dr, San Antonio

Purchase Price:$279,900

Cash Outlay:$75,573

Cashflow:$203/mo

Cap Rate:6.72%

IRR:20.12%

Short Term Rental

Updated Pool Home in Northern San Antonio by the Airport

3345 Green Spring Dr, San Antonio

Purchase Price:$429,000

Cash Outlay:$125,830

Cashflow:$1,395/mo

Cap Rate:9.48%

IRR:30.16%

Long Term Rental

1% Rule 6-Plex Near Lackland AFB and Downtown

148 Gifford St, San Antonio

Purchase Price:$569,000

Cash Outlay:$182,080

Cashflow:$583/mo

Cap Rate:7.25%

IRR:18.93%

Mid Term Rental

New Construction Townhome-Style Quadplex Next to Lackland AFB

6427 Luglio Ln, San Antonio

Purchase Price:$950,000

Cash Outlay:$296,500

Cashflow:$1,830/mo

Cap Rate:7.81%

IRR:22.60%

Short Term Rental

Seller-Financed Active STR Grossing $100k+ As-Is with Significant Upside

5903 Median Rd, Austin

Purchase Price:$1,050,000

Cash Outlay:$421,000

Cashflow:$7,031/mo

Cap Rate:10.47%

IRR:37.99%

B.E.A.F

BEAF Deal Built in 2012 with 5 Beds, 2.5 Baths

16119 Peach Bluff Ln, Cypress

Purchase Price:$385,000

Cash Outlay:$103,950

Cashflow:$797/mo

IRR:29.45%