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Occupied Duplex in the Heart of Richardson

104 Trellis Pl, Richardson
ROI
18.64% IRR
Strategy
Long Term Rental
Occupied duplex in the heart of Richardson. Currently leased below market at $2100/mo and $2300/mo. Market rate is $2500 per door. Large 3 bed, 2 bath units. One side is updated with new appliances, quartz counters, floors and fixtures. 3,504 sq ft single story duplex built in 1974. 1,752 sq ft 3 bed 2 bath units leased for $2100/mo expiring 6/30/24 and $2300/mo expiring 5/23/24.

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Occupied Duplex in the Heart of Richardson

Listed 11/29/2023

104 Trellis Pl, Richardson

Purchase Price:$585,000

Cash Outlay:$157,950

Cashflow:$200/mo

Cap Rate:6.88%

IRR:18.64%

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