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.
