Rare Katy ISD Duplex Cashflowing and Appreciating $350k
1934 Avenue B, Katy
ROI
21.49% IRR
Strategy
Long Term Rental
Duplex with (1) 2 bed unit and (1) 3 bed unit. Market rate is $1500 for the 2-bed unit and $1850 for the 3-bed unit. The 2bed unit has a previous tenant paying $1300 / month and their lease expires November 2024. The 3 bed unit is vacant and ready for tenants. Asking $350k. Tax $3019. Zoned to Katy High School and one of the rare multifamily assets in Houston zoned to a 5+ rated school and cashflow positive! This is a perfect deal for a client looking for a mix of cashflow and appreciation in a B grade market at a low entry price.
