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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.

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Rare Katy ISD Duplex Cashflowing and Appreciating $350k

Listed 06/26/2024

1934 Avenue B, Katy

Purchase Price:$50,000

Cash Outlay:$13,500

Cashflow:$577/mo

Cap Rate:9.16%

IRR:21.49%

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