FREE book: The Book on Texas Real Estate Investing — download now

North Austin Fourplex with 2 Bed Units and Light Value-Add Potential 10 Minutes from the Domain

1905 Hearthstone Dr, Austin
ROI
20.84% IRR
Strategy
Mid Term Rental
North Austin fourplex with 2 bed units and light value-add potential 10 minutes from the Domain. Just off 183 in gentrifying neighborhood. Two story fourplex with all 2 bed, 1.5 bath units. Currently occupied with one unit expiring 3/31, two units expiring 6/30, and one 12/31. Some updates completed with interior cosmetics needed to command premium mid-term rents and force appreciation.

Enter your email to download the proforma

< Back to Daily Deals

North Austin Fourplex with 2 Bed Units and Light Value-Add Potential 10 Minutes from the Domain

Listed 06/06/2023

1905 Hearthstone Dr, Austin

Purchase Price:$850,000

Cash Outlay:$269,500

Cashflow:$1,484/mo

Cap Rate:7.57%

IRR:20.84%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Houston Cashflowing 4-Plex $230k

5101 Crane St, Houston

Purchase Price:$230,000

Cash Outlay:$62,100

Cashflow:$405/mo

Cap Rate:8.10%

IRR:21.06%

Long Term Rental

DFW (Fort Worth) 1% Rule Duplex $246k

2509 Normont Cir, Fort Worth

Purchase Price:$246,000

Cash Outlay:$66,420

Cashflow:$317/mo

Cap Rate:7.53%

IRR:18.36%

Long Term Rental

DFW (McKinney) Off-Market Great Location Duplex

2429 / 2431 Lakeview Cir, McKinney

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$151/mo

Cap Rate:6.47%

IRR:13.29%

Long Term Rental

Houston Fully Occupied Duplex $575k

5140 Mallow St, Houston

Purchase Price:$575,000

Cash Outlay:$155,250

Cashflow:$178/mo

Cap Rate:6.36%

IRR:12.76%

Long Term Rental

Houston New Construction Quadplex Luxury Finishes $750k

4501 Newberry St #A-D, Houston

Purchase Price:$750,000

Cash Outlay:$202,500

Cashflow:$687/mo

Cap Rate:7.09%

IRR:16.24%

Short Term Rental

Galveston 7-Unit SELLER FINANCED Portfolio $1.05M

3506 Cove View Blvd, Galveston

Purchase Price:$1,050,000

Cash Outlay:$283,500

Cashflow:$695/mo

Cap Rate:5.63%

IRR:13.69%