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Fully Occupied Cash Flow Quadplex in Victoria

304 Palmwood Dr, Victoria
ROI
19.72% IRR
Strategy
Mid Term Rental
Fully occupied cash flow quadplex in Victoria. Motivated seller willing to accept $50k below asking price. Current rents are $825, $825, $825, $950. Market rates are $950-975. Two story quadplex built in 1978. 3,948 sq ft with 2 beds, 1.5 baths per unit. New roof in 2015, 3 HVAC's replaced in 2015 and one in 2021. Current rents are $825, 825, 825, and 950 with owner paying for water, sewer, trash, and yard maintenance. Market rate is $950-975 with tenants paying all utilities.

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Fully Occupied Cash Flow Quadplex in Victoria

Listed 02/26/2024

304 Palmwood Dr, Victoria

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$253/mo

Cap Rate:6.61%

IRR:19.72%

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