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. All long-term leases with one studio, one 2bd, and one 4bd. Some upside in rental rates. 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.
