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Rare Occupied and Cashflowing Triplex in East Austin

1118 Ebert Ave, Austin
ROI
21.21% IRR
Strategy
Long Term Rental
Rare occupied and cashflowing triplex in East Austin. Listed at $700k, seller will accept $50k below asking! All long-term leases with one studio, one 2bd, and one 4bd. Triplex with one studio unit (rented $1250/mo), one 2 bed 1 bath ($1750/mo), and one 4 bed 2 bath ($3250/mo), all leases expiring June 2023. Built in 1977 with freshly updated interiors including new cabinets, counters, stainless appliances, floors and paint. Note: property is in FEMA Floodplain Zone AO.

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Rare Occupied and Cashflowing Triplex in East Austin

Listed 08/10/2023

1118 Ebert Ave, Austin

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$725/mo

Cap Rate:7.18%

IRR:21.21%

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