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

Occupied and Cash Flowing Fourplex with Light Value-Add Potential

1055 Santa Monica St, San Antonio
ROI
17.19% IRR
Strategy
Long Term Rental
Occupied and cash flowing fourplex with light value-add potential. Minutes from downtown, USAA, airport, and hospitals. Positive cash flow from day one. Single story quadplex built in 1935. Two units are 2bd/1ba ($650 and $775/mo), one 3bd/1ba ($740/mo), and one 1bd/1ba ($575/mo). All leases month to month, 5-10% below market rates. Light cosmetics and repairs needed when units turn over to command premium rents.

Enter your email to download the proforma

< Back to Daily Deals

Occupied and Cash Flowing Fourplex with Light Value-Add Potential

Listed 03/23/2023

1055 Santa Monica St, San Antonio

Purchase Price:$224,000

Cash Outlay:$82,780

Cashflow:$374/mo

Cap Rate:7.11%

IRR:17.19%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties
Updated Today

Long Term Rental

San Antonio Occupied and Cashflowing Duplex $309k

7643 Oak Chase, San Antonio

Purchase Price:$309,000

Cash Outlay:$83,430

Cashflow:$144/mo

Cap Rate:6.55%

IRR:13.65%

Updated Today

Long Term Rental

Killeen Seller Financing Quadplex $400k

4504 Hunt Cir, Killeen

Purchase Price:$365,000

Cash Outlay:$98,550

Cashflow:$96/mo

Cap Rate:7.39%

IRR:15.14%

Updated Today

Short Term Rental

DFW Single Family Home Plus Guest House Househack $475k

531 Summit Dr, Richardson

Purchase Price:$475,000

Cash Outlay:$128,250

Cashflow:$171/mo

Cap Rate:6.86%

IRR:18.51%

Updated Today

Long Term Rental

Houston Brookhaven New Construction Quadplex $750k

4202 Kewanee St, Houston

Purchase Price:$750,000

Cash Outlay:$202,500

Cashflow:$712/mo

Cap Rate:7.13%

IRR:16.43%

Updated Today

Long Term Rental

DFW Denton Cashflowing 8 Plex $1.1M

3065 and 3073 Olympia Dr, Denton

Purchase Price:$1,100,000

Cash Outlay:$297,000

Cashflow:$1,316/mo

Cap Rate:7.42%

IRR:17.84%

Long Term Rental

College Station University Housing Quadplex $445k

309 Manuel Dr, College Station

Purchase Price:$445,000

Cash Outlay:$120,150

Cashflow:$99/mo

Cap Rate:6.26%

IRR:12.36%