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Rare Permitted STR Multifamily in Arlington Next to University of Texas

204 E 2nd St, Arlington
ROI
34.77% IRR
Strategy
Short Term Rental
Rare permitted STR multifamily in Arlington next to University of Texas. Built in 1940 and completed renovated with an additional tiny home built in 2020, 1% rule long-term rent potential. Historic 4 bed home completely renovated and split into two units currently active on airbnb. Tiny home built in 2020 on same lot for a total of 3 units: two 1 bed/1 bath, and one 2 bed/2 bath.

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Rare Permitted STR Multifamily in Arlington Next to University of Texas

Listed 06/07/2023

204 E 2nd St, Arlington

Purchase Price:$ 350,000

Cash Outlay:$ 114,500

Cashflow:$2,571/mo

Cap Rate:13.74%

IRR:34.77%

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