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Turnkey Fourplex in White Settlement ISD Next to Lockheed Martin

8117 Foxfire Ln, White Settlement
ROI
21.67% IRR
Strategy
Long Term Rental
Turnkey fourplex in White Settlement ISD next to Lockheed Martin. 3 units currently occupied below market, great househack or value-add potential by increasing rents. Appraised for $600k. 4,120 sq ft quadplex built in 1985. Fully updated with new siding, interior & exterior paint, water heaters, HVAC, sewer lines, LVP floors, and appliances. Roof 4 years old. One unit vacant, three current leased for $950-1150/mo with market rents around $1400/mo. Unit B is 76 yr old section 8 tenant that has been there for 20 years, lease expires 4/2025.

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Turnkey Fourplex in White Settlement ISD Next to Lockheed Martin

Listed 06/14/2023

8117 Foxfire Ln, White Settlement

Purchase Price:$575,000

Cash Outlay:$155,250

Cashflow:$524/mo

Cap Rate:6.94%

IRR:21.67%

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