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Rare Fourplex in Arlington’s STR Zone

427 Vonner Ct, Arlington
ROI
24.43% IRR
Strategy
Short Term Rental
Rare fourplex in Arlington's STR Zone. Leased for $4080/mo with leases expiring in April and May. Projected $10k/mo gross income as a short-term rental. All 2 bed, 1 bath units. Updated interiors, new roof in 2019. Two story fourplex built in 1984. All units are 776sf with 2 beds, 1 bath. Updated finishes, new roof in 2019. Leased for $975, $1025, $1035, and $1035 with 3 expiring in April 2024 and 1 in May.

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Rare Fourplex in Arlington’s STR Zone

Listed 12/14/2023

427 Vonner Ct, Arlington

Purchase Price:$620,000

Cash Outlay:$207,400

Cashflow:$2,627/mo

Cap Rate:10.78%

IRR:24.43%

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