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.

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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%

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