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Quadruplex in Medical Center District with Light Value-Add Potential and Strong Mid-Term Demand

4902 Ali Ave, San Antonio
ROI
20.48% IRR
Strategy
Mid Term Rental
Quadruplex in medical center district with light value-add potential and strong mid-term demand. All 2 bed, 1.5 bath units in rent-ready condition with some dated finishes. Currently occupied with opportunity to improve units and convert to MTR as leases end. Two story townhouse style quadruplex built in 1986 with 2 bed, 1.5 bath units. Currently occupied with traditional leases at $1150-1215/mo, and slightly dated finishes that offer forced appreciation opportunity while converting to mid-term rentals.

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Quadruplex in Medical Center District with Light Value-Add Potential and Strong Mid-Term Demand

Listed 05/04/2023

4902 Ali Ave, San Antonio

Purchase Price:$679,000

Cash Outlay:$243,330

Cashflow:$1,546/mo

Cap Rate:7.87%

IRR:20.48%

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