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South Austin Quadplex Just Off I-35 with Great MTR Potential

4905 Merritt Cir, Austin

ROI

20.62% IRR

Strategy

Mid Term Rental

South Austin quadplex just off I-35 with great MTR potential. 3 miles from St Davids hospital, 5 miles from airport. 3,120 sq ft two story quadplex with 2 bed, 1 bath units. All currently occupied with long term leases: Unit A $1200/mo m-t-m, Unit B $1250/mo expiring 8/23, Unit C $1200/mo expiring 9/23, and Unit D $1175/mo expiring 1/24.

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South Austin Quadplex Just Off I-35 with Great MTR Potential

Listed 08/10/2023

4905 Merritt Cir, Austin

Purchase Price:$850,000

Cash Outlay:$269,500

Cashflow:$1,291/mo

Cap Rate:7.32%

IRR:20.62%

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