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Occupied Quadruplex in Austin with Great Mid-Term Rental Opportunity

7200 Creekside Dr, Austin
ROI
25.31% IRR
Strategy
Mid Term Rental
Occupied quadruplex in Austin with great mid-term rental opportunity. 2 and 3 bed units in turnkey condition with leases expiring over next 6-8 months. Quadruplex built in 1971 with two 3 bed, 2 bath units and two 2 bed, 1.5 bath units. Currently leased for $6150/mo total with leases expiring 9/30/23, 10/31/23 (x2), and 11/30/23.

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Occupied Quadruplex in Austin with Great Mid-Term Rental Opportunity

Listed 03/16/2023

7200 Creekside Dr, Austin

Purchase Price:$799,000

Cash Outlay:$255,730

Cashflow:$1,731/mo

Cap Rate:8.03%

IRR:25.31%

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