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Occupied Quadplex with 1% Rule Potential After Rent Increases

6172 Vega Dr, Fort Worth
ROI
21.23% IRR
Strategy
Long Term Rental
Occupied quadplex with 1% Rule potential after rent increases. 2 bed, 1.5 bath units leased for $904/mo average, with market rents $1200-1250/mo. 10 minutes from TCU and Alcon HQ. 3,672 sq ft quadplex with 2 bed, 1.5 bath units built in 1981. All occupied 918 sq ft units, each leased for $908/mo on average. Market rents $1200-1250/mo.

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Occupied Quadplex with 1% Rule Potential After Rent Increases

Listed 07/18/2023

6172 Vega Dr, Fort Worth

Purchase Price:$499,000

Cash Outlay:$134,730

Cashflow:$490/mo

Cap Rate:7.02%

IRR:21.23%

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