Fully Occupied Houston Quadplex $575k
19990 Ravenwood Dr, Porter
ROI
14.71% IRR
Strategy
Long Term Rental
Fully occupied quadplex with (1) 2bed unit and (3) 1 bed units. The rent roll is $1400, $1100, $1100, $1200. Leases are good through various dates in 2025. Built in 2011 and in very good condition. The asking is $600k but I think we can land closer to $550-$575k. You can increase income by billing utilities back to tenants and bumping the two undervalued units up to market rate as leases renew in January. Tax $8160.
