Recently Renovated and Upgraded SFH + ADU Close to Bishop Arts District with Great STR Potential

1233 Hollywood Ave, Dallas
ROI
22.67% IRR
Strategy
Short Term Rental
Recently renovated and upgraded SFH + ADU close to Bishop Arts district with great STR potential. Fully renovated 4 bed, 2 bath main house built in 1948 plus a 1 bed, 1 bath guest house in the back with potential separate entrance. New roof, HVAC< plumbing, electrical, and upgraded finishes including LVP floors, custom cabinets, stainless appliances, custom bathrooms, modern finishes, and fresh paint inside and out.

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Recently Renovated and Upgraded SFH + ADU Close to Bishop Arts District with Great STR Potential

Listed 05/31/2023

1233 Hollywood Ave, Dallas

Purchase Price:$560,000

Cash Outlay:$166,200

Cashflow:$1,595/mo

Cap Rate:8.98%

IRR:22.67%

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