Occupied 6-Unit Complex with Assumable Loan at 4.5% Interest
905 E Fayle St, Baytown
ROI
15.61% IRR
Strategy
Long Term Rental
Occupied 6-unit complex with assumable loan at 4.5% interest. Strong cashflow in a C grade area. Rented for $4525/mo. Tenants pay own electric, owner pays water, gas, trash, and common area electric. 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.
