Large Duplex with Motivated Seller Close to Downtown and Medical Centers

4613 Knoxville St, Houston

ROI

20.28% IRR

Strategy

Long Term Rental

Large duplex with motivated seller close to downtown and medical centers. Built in 2006 with 4 beds, 2.5 baths per side. Unit A leased below market rent expiring March 1, Unit B vacant and needs light cosmetics. Seller offering $10k credit towards make-ready costs. Great potential for MTR or STR as well. Two story side-by-side duplex built in 2006. Units are 2,000 sq ft each with 4 beds, 2.5 baths. Unit A is leased through March 1 at $1300/mo, unit B is vacant and needs light cosmetics to be rent ready.

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Large Duplex with Motivated Seller Close to Downtown and Medical Centers

Listed 04/07/2023

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4613 Knoxville St, Houston

Purchase Price:$365,000

Cash Outlay:$98,550

Cashflow:$328/mo

Cap Rate:6.93%

IRR:20.28%

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