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Beacon Hill 4-Unit 100% Occupied with a Rent By The Room Strategy, Bringing in $8719/mo in Rents

1132 W French Pl, San Antonio
ROI
25.06% IRR
Strategy
Long Term Rental
Beacon Hill 4-unit 100% occupied with a rent by the room strategy, bringing in $8719/mo in rents. Main house duplex with 5 bed units, plus 2-unit ADU with 1 and 2 beds. *Does not qualify for conventional loan, DSCR only. Two story main house built in 1928 with two 1,896 sq ft 5 bed/2 bath units. Back house built in 1950 with one 864 sq ft, 2 bed/1 bath unit, one 384 sq ft studio. All units rented by the room with long term tenants. Newer roof, electrical, flooring paint, HVAC. Common utilities, may be billed back to tenants.

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Beacon Hill 4-Unit 100% Occupied with a Rent By The Room Strategy, Bringing in $8719/mo in Rents

Listed 05/08/2023

1132 W French Pl, San Antonio

Purchase Price:$699,000

Cash Outlay:$223,680

Cashflow:$1,904/mo

Cap Rate:9.25%

IRR:25.06%

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