Updated Fourplex in South Austin Ideal for Mid-Term Rental

2200 Leah Cove, Austin
ROI
25.58% IRR
Strategy
Mid Term Rental
Price Drop! Updated fourplex in South Austin ideal for mid-term rental. All 2 bed 1 bath units with two currently occupied, one month-to-month and one ending May 2024. Two story 3,120 sq ft fourplex built in 1982 with 2 beds, 1 bath per unit. Unit D is currently rented for $975 and is month-to-month, Unit C is $1300/mo and expires May 2024. Units A & B vacant. Freshly painted, new cabinets, floors, bathrooms, windows in most units.

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Updated Fourplex in South Austin Ideal for Mid-Term Rental

Listed 06/16/2023

2200 Leah Cove, Austin

Purchase Price:$744,000

Cash Outlay:$240,880

Cashflow:$2,086/mo

Cap Rate:8.71%

IRR:25.58%

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