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Fully Occupied 6-Unit Next to Texas Medical Center

4704 Chenevert St, Houston
ROI
21.14% IRR
Strategy
Mid Term Rental
Fully occupied 6-unit next to Texas Medical Center. Currently bringing in $6400/mo with potential $12k+ as a mid-term rental. All 1-2 bed units. Six unit complex with (5) 1 bed units and (1) 2 bed. Main quadplex was built in 1930, duplex built in 1970. Currently leased for $1050, 1400, 1050, 1000, 950, & 950. Furnished mid-term rates are $1900-2000 for 1 bed units and $2700+ for 2 beds.

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Fully Occupied 6-Unit Next to Texas Medical Center

Listed 01/29/2024

4704 Chenevert St, Houston

Purchase Price:$750,000

Cash Outlay:$300,000

Cashflow:$2,054/mo

Cap Rate:8.86%

IRR:21.14%

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