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Franklin Park Quadplex Close to Med Center and Airport

5404 Village Ln, Austin
22.48% IRR
Mid Term Rental
Franklin Park quadplex close to med center and airport. All 2bd units. One is updated and vacant, others are leased long-term for $1225, $1260, and $1270 expiring Feb, April, and August. Ideal furnished mid-term rental at $2300-2600/mo. 3,968 sq ft two story townhome-style quadplex built in 1983. All 2/1.5 units. Unit A rented for $1260/mo until 4/30/24, Unit B is $1225 until 8/31/24, Unit C is $1270/mo until 2/24/24, Unit D is vacant and updated. Long-term market rents for updated units is $1500/mo, or $2300-2600/mo for furnished mid-term rentals.

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Franklin Park Quadplex Close to Med Center and Airport

Listed 11/16/2023

5404 Village Ln, Austin

Purchase Price:$700,000

Cash Outlay:$229,000


Cap Rate:8.46%


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