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Occupied 6-Plex with Potential Owner Financing

905 E Fayle St, Baytown
ROI
16.47% IRR
Strategy
Long Term Rental
Occupied 6-plex with potential owner financing. True 1% Rule deal with strong cashflow from day one. Seller will carry $100k at 6% for 10 years. 6-unit complex built in 1960 with (5) 1 bed, 1 bath units plus (1) studio. Currently fully occupied for $4525/mo ($782/mo avg for 1 beds and $615/mo for suite). Tenants pay own electric, owner pays water, gas, trash, and common area electric.

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Occupied 6-Plex with Potential Owner Financing

Listed 03/19/2024

905 E Fayle St, Baytown

Purchase Price:$385,000

Cash Outlay:$123,200

Cashflow:$392/mo

Cap Rate:7.24%

IRR:16.47%

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