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Cashflow Triplex in Austin Back on Market

1118 Ebert Ave, Austin
ROI
20.57% IRR
Strategy
Long Term Rental
Cashflow triplex in Austin back on market. One studio, one 2bd, and one 4bd, previously leased for $6250/mo. Built in 1977 with freshly updated interiors including new cabinets, counters, stainless appliances, floors and paint. Convenient location 10 minutes from central Austin. Triplex with one studio unit (previously rented $1250/mo), one 2 bed 1 bath ($1750/mo), and one 4 bed 2 bath ($3250/mo), all leases recently expired and vacant. Built in 1977 with freshly updated interiors including new cabinets, counters, stainless appliances, floors and paint. Note: property is in FEMA Floodplain Zone AO.

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Cashflow Triplex in Austin Back on Market

Listed 11/16/2023

1118 Ebert Ave, Austin

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$516/mo

Cap Rate:7.41%

IRR:20.57%

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