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Occupied Quadplex Next to St David’s with Furnished Mid-Term Potential

2218 Katy Ln, Georgetown

ROI

23.59% IRR

Strategy

Mid Term Rental

Occupied quadplex next to St David's with furnished mid-term potential. Close to I-35, 5 minutes from St David's and less than 30 to central Austin. 4,096 sq ft two story quad built in 2001 with 2 beds, 2 baths per unit. All 4 units currently occupied with leases ending 7/31/23, 11/30/23, and 12/31/23.

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Occupied Quadplex Next to St David’s with Furnished Mid-Term Potential

Listed 10/26/2023

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2218 Katy Ln, Georgetown

Purchase Price:$824,000

Cash Outlay:$272,480

Cashflow:$1,987/mo

Cap Rate:8.79%

IRR:23.59%

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