Turnkey Fourplex Built in 2017 Near Methodist Hospital Off I-35

6326 Melanzane Ave, San Antonio
ROI
24.89% IRR
Strategy
Mid Term Rental
Turnkey fourplex built in 2017 near Methodist Hospital off I-35. Convenient location 15 minutes from downtown and airport. High quality newer asset in a growth corridor. Currently leased long-term for $5985/mo, with a strong mid-term rental market that can generate $12k/mo. 4,872 sq ft two story townhome-style quadplex with 3 bed, 2.5 baths and a 1-car garage per unit. Built in 2017, in turnkey condition. Modern, neutral finishes and fixtures with private fenced backyards. All units currently leased long-term for $1500, 1540, 1445, and 1500/mo.

Enter your email to download the proforma

Join our Daily Deal List - Single property

< Back to Daily Deals

Turnkey Fourplex Built in 2017 Near Methodist Hospital Off I-35

Listed 10/26/2023

6326 Melanzane Ave, San Antonio

Purchase Price:$849,000

Cash Outlay:$259,230

Cashflow:$1,979/mo

Cap Rate:8.61%

IRR:24.89%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Mid Term Rental

New Construction Quadplex Near I-35 in Windcrest

7103 Georgeann Dr, San Antonio

Purchase Price:$859,900

Cash Outlay:$272,173

Cashflow:$1,562/mo

Cap Rate:7.66%

IRR:21.87%

Mid Term Rental

Tobin Hill 8-Unit Complex Next to San Antonio College and The Pearl

1625 McCullough Ave, San Antonio

Purchase Price:$950,000

Cash Outlay:$364,000

Cashflow:$1,798/mo

Cap Rate:8.06%

IRR:19.01%

Short Term Rental

Upgraded Northwood Pool Home with $10k Seller Credit

430 Woodcrest Dr, San Antonio

Purchase Price:$490,000

Cash Outlay:$142,300

Cashflow:$1,977/mo

Cap Rate:10.41%

IRR:26.98%

Short Term Rental

Updated 4 Bed STR with a Pool Near Downtown, Airport, and Military Bases

541 Fenwick Dr, Windcrest

Purchase Price:$375,000

Cash Outlay:$111,250

Cashflow:$1,250/mo

Cap Rate:10.13%

IRR:24.23%

Short Term Rental

Turnkey Pool Home Active on Airbnb with Excellent Yield Comes Fully Furnished

8222 Colgate St, Houston

Purchase Price:$499,000

Cash Outlay:$134,730

Cashflow:$1,868/mo

Cap Rate:10.88%

IRR:27.70%

Mid Term Rental

New Construction Fourplex by Medical District and UofH

6423 New York St, Houston

Purchase Price:$900,000

Cash Outlay:$273,000

Cashflow:$ 1,345/mo

Cap Rate:7.97%

IRR:21.49%