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Rent-Ready Fourplex Next to University of Houston, TSU, and Medical Center with a Motivated Seller

3801 Briley St, Houston
ROI
18.43% IRR
Strategy
Long Term Rental
Rent-ready fourplex next to University of Houston, TSU, and medical center with a motivated seller. Three 2 bed units and one 3 bed unit. Two story 3,248 sq ft fourplex built in 1960 with updated plumbing and electrical. Two units getting minor updates before closing, others already rent-ready. Three 2 bed, 1 bath units with market rents $1250-1300/mo, plus one 3 bed, 1 bath unit with market rent $1350-1400/mo.

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Rent-Ready Fourplex Next to University of Houston, TSU, and Medical Center with a Motivated Seller

Listed 10/24/2023

3801 Briley St, Houston

Purchase Price:$550,000

Cash Outlay:$148,500

Cashflow:$506/mo

Cap Rate:7.25%

IRR:18.43%

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