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.

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

Listed 09/12/2023

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6326 Melanzane Ave, San Antonio

Purchase Price:$849,000

Cash Outlay:$259,230

Cashflow:$1,979/mo

Cap Rate:8.61%

IRR:24.89%

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