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Occupied Duplex 10 Minutes from Medical Center and Airport

2211 E Stassney Ln, Austin
ROI
19.17% IRR
Strategy
Mid Term Rental
Occupied duplex 10 minutes from medical center and airport. Solid MTR opportunity currently leased longterm expiring before closing. Newer roof, trim, fencing, paint. Foundation needs $7700 repair. 1,700 sq ft duplex built in 1983 with 2 beds, 1 bath per side. Unit B leased for $1200/mo expiring end of June, Unit A $1000/mo expired in May. Mid-term rent potential $2400-2800/mo per side.

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Occupied Duplex 10 Minutes from Medical Center and Airport

Listed 08/03/2023

2211 E Stassney Ln, Austin

Purchase Price:$385,000

Cash Outlay:$128,950

Cashflow:$539/mo

Cap Rate:7.07%

IRR:19.17%

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