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Cashflow Triplex in Montrose with Near 1% Rule Rents

1748 Colquitt St, Houston

ROI

19.93% IRR

Strategy

Short Term Rental

Cashflow triplex in Montrose with near 1% Rule rents. Potential for mid-term and short-term rental in a great location. 3,164 sq ft duplex built in 1925 with 2 bed, 1 bath units and a converted 1 bedroom basement apartment. Market rents are $2200-2400/mo for 2 bed units, $1500/mo for 1 bed.

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Cashflow Triplex in Montrose with Near 1% Rule Rents

Listed 10/05/2023

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1748 Colquitt St, Houston

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$432/mo

Cap Rate:6.95%

IRR:19.93%

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