Occupied Quadplex in South Congress with Furnished Mid-Term Potential

5108 Weidemar Ln, Austin

ROI

25.78% IRR

Strategy

Mid Term Rental

Occupied quadplex in South Congress with furnished mid-term potential. Close to I-35 and St Davids hospital, located at the end of a cul-de-sac. 10 minutes from central Austin and airport. 2,976 sq ft two story quadplex built in 1981 with all 2 bed, 1 bath units. Fully occupied, Unit A $775/mo expires 8/31/23, Unit B $850/mo expires 5/31/24, Unit C $900/mo expires 6/30/24, Unit D $850/mo expires 9/30/23. Long-term tenants, units likely to need light cosmetic updating to be rent-ready. Furnished mid-term rates $2400-2600/mo.

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Occupied Quadplex in South Congress with Furnished Mid-Term Potential

Listed 07/11/2023

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5108 Weidemar Ln, Austin

Purchase Price:$615,000

Cash Outlay:$246,050

Cashflow:$2,526/mo

Cap Rate:9.49%

IRR:25.78%

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