Off-Market 6-Plex in DFW $780k
214 Joyce St, Weatherford
ROI
24.80% IRR
Strategy
Long Term Rental
All six units occupied. Current income is $6825 and all tenants are month to month. Increasing rents to market rate would bring income to $7800 per month. Tenants pay all utilities. All 6 units were gutted and renovated down to the studs in 2018. Located in Weatherford in a great area with high appreciation and low vacancy rates. Sale comps put current value between $850k-$875k. Taxes 8920. Insurance 6000.
