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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. 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-Unit Complex with Assumable Loan at 4.5% Interest

Listed 10/27/2023

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905 E Fayle St, Baytown

Purchase Price:$420,000

Cash Outlay:$144,400

Cashflow:$730/mo

Cap Rate:6.08%

IRR:15.61%

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