Fully Occupied Fourplex Rented Below Market

1704 Cedarhill Dr, Killeen

ROI

19.84% IRR

Strategy

Long Term Rental

Fully occupied fourplex rented below market. All 2 bed, 1 bath units leased for $625-795 and expiring over the next few months. 3,360 sq ft two story fourplex built in 1985. All 2 bed, 1 bath units. Unit A is leased for $700/mo expiring 7/31/23, Unit B is $625/mo expiring 9/30/23, Unit C is $625/mo expiring 6/30/23, Unit D is $795/mo expiring 4/30/23.

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Fully Occupied Fourplex Rented Below Market

Listed 05/19/2023

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1704 Cedarhill Dr, Killeen

Purchase Price:$345,000

Cash Outlay:$93,150

Cashflow:$273/mo

Cap Rate:6.80%

IRR:19.84%

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