Franklin Park Quadplex Close to Med Center and Airport
5404 Village Ln, Austin
ROI
22.48% IRR
Strategy
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.
