Montrose Quadplex with Strong Cashflow Potential

324 W Alabama St, Houston

ROI

19.51% IRR

Strategy

Short Term Rental

Montrose quadplex with strong cashflow potential. Two units rented long-term and two as furnished mid-term/short-term rentals. Great occupancy close to med centers and downtown. Gross rents nearly $8k/mo. 4,103 sqft quadplex built in 1900. All units are 1 bed, 1 bath with upgraded finishes. Central A/C with window units in each unit. Laundry on-site. Two units leased for $1200 and $1450/mo. Two units operate as furnished mid-term/short-term rentals grossing $2000-4400/mo.

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Montrose Quadplex with Strong Cashflow Potential

Listed 03/27/2024

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324 W Alabama St, Houston

Purchase Price:$850,000

Cash Outlay:$229,500

Cashflow:$495/mo

Cap Rate:6.56%

IRR:19.51%

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