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Riverside Quadplex for Mid-Term Rentals with 2 Bed Units Near St Davids and Airport

2106 Kirksey Dr, Austin
ROI
22.78% IRR
Strategy
Mid Term Rental
Riverside quadplex for mid-term rentals with 2 bed units near St Davids and airport. Currently occupied with leases expiring 12/31/23, 2/28/24, and 8/31/24 (x2). Rented for $4850/mo, mid-term rates are $10-12k. Two story 4,092 sq ft quadplex built in 1984. Each unit has 2 bedrooms each with ensuite bathrooms, plus a half bath - great setup for roommates. Off-street parking, separate utilities.

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Riverside Quadplex for Mid-Term Rentals with 2 Bed Units Near St Davids and Airport

Listed 10/13/2023

2106 Kirksey Dr, Austin

Purchase Price:$735,000

Cash Outlay:$238,450

Cashflow:$1,577/mo

Cap Rate:8.50%

IRR:22.78%

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