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Occupied Fourplex Exceeding the 1% Rule with Strong Cashflow in Northside

2611 Atlantic St, Houston
ROI
20.46% IRR
Strategy
Long Term Rental
Occupied fourplex exceeding the 1% Rule with strong cashflow in Northside. Fourplex built in 1931 with a 3bd/1ba house, 3bd/1ba apartment, and two 1bd/1ba apartments. Currently occupied for $5100/mo, with some updating/value-add likely needed after purchase or tenant turnovers.

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Occupied Fourplex Exceeding the 1% Rule with Strong Cashflow in Northside

Listed 05/03/2023

2611 Atlantic St, Houston

Purchase Price:$400,000

Cash Outlay:$138,000

Cashflow:$1,127/mo

Cap Rate:8.56%

IRR:20.46%

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