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Occupied Quadplex Below Market Rents with Value-Add Opportunity

1107 Eastside Dr, Killeen
ROI
18.11% IRR
Strategy
Long Term Rental
Occupied quadplex below market rents with value-add opportunity. All 2/1 units currently leased for $2900/mo. Potential to update units and increase rents to $3600-4000/mo, above 1% Rule. Two story quadplex built in 1984. 3,696 total sq ft with all 2 bed, 1 bath units. Unit A pays $700/mo expiring May 2024, Unit B pays $660 m2m, Unit C pays $745/mo expiring November 2024, Unit D pays $795 expires May 2024. Property next door just leased 3 units for $950/mo.

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Occupied Quadplex Below Market Rents with Value-Add Opportunity

Listed 12/20/2023

1107 Eastside Dr, Killeen

Purchase Price:$124,500

Cash Outlay:$413/mo

Cashflow:$413/mo

Cap Rate:7.50%

IRR:18.11%

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