Turnkey Cashflowing and Fully Occupied Quadplex $418k

807 Industrial Ave, Copperas Cove

ROI

17.96% IRR

Strategy

Long Term Rental

Located in Copperas Cove for low taxes. Fully occupied with leases through 2025. There are (2) 3 bed units and (2) 2 bed units. The 3 beds are leased for $995 and the 2 beds pull $850 + $825. Lease comps suggest $1000 for the 3s and $850 for the 2s. Built in 2006 for minimal maintenance needs. Management company is already in place. This is a great option for an investor looking to add 4 cashflowing doors in an appreciating market. Taxes $6102.

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Turnkey Cashflowing and Fully Occupied Quadplex $418k

Listed 08/01/2024

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807 Industrial Ave, Copperas Cove

Purchase Price:$418,000

Cash Outlay:$112,860

Cashflow:$410/mo

Cap Rate:8.62%

IRR:17.96%

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