Austin Quadplex Selling FAR Below Assessed Value $880k

3507 Alpine Cir, Austin

ROI

13.22% IRR

Strategy

Long Term Rental

Big price drop on this Austin quadplex. Roof replaced in April. Lease comps put top line revenue at $7000 as a long term rental or about $2500-$3000 per door as a M/STR. This is one of the best zips in Austin. Taxes $18508 based on the $1M+ assessed value from 2023. Expect a nice tax reduction after a sale in the 800s! This is a "walk into equity" play and offers opportunity to break even as a long term rental OR cashflow heavy as a M/STR. Exceptional deal here in the heart of Austin.

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Austin Quadplex Selling FAR Below Assessed Value $880k

Listed 08/06/2024

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3507 Alpine Cir, Austin

Purchase Price:$880,000

Cash Outlay:$237,600

Cashflow:$55/mo

Cap Rate:7.92%

IRR:13.22%

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