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Occupied and Cashflowing Fourplex with Upside in Rents

12710 Leader St #4, Houston
ROI
25.11% IRR
Strategy
Long Term Rental
Occupied and cashflowing fourplex with upside in rents. All 2 bed units, each currently leased for $900/mo with market rents $1100/mo. Rare asset type - very few MF come available in Alief, almost no quads. 4,372 sq ft two story fourplex built in 1984 with all 2 bed, 1.5 bath units. Fully occupied for $3600/mo, with market rents $4200-4400/mo. Brand new hardie siding, HVAC all 5-7 years old, and roof 11 years old.

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Occupied and Cashflowing Fourplex with Upside in Rents

Listed 07/03/2023

12710 Leader St #4, Houston

Purchase Price:$395,000

Cash Outlay:$106,650

Cashflow:$721/mo

Cap Rate:8.02%

IRR:25.11%

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