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.
