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.
