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Turnkey Fourplex with Seller Financing Available and Strong MTR Potential

8404 Riverstone Dr, Austin
ROI
24.07% IRR
Strategy
Mid Term Rental
Turnkey fourplex with seller financing available and strong MTR potential. Currently occupied with long-term tenants, breakeven cashflow with leases expiring June 2023-March 2024. Fourplex with 2 beds, 1.5 baths per unit. 3,968 sq ft built in 1985 on .29 acres. Unit A leased $1250/mo expiring 6/30/23, Units B & D leased for $1295 and $1325 expiring 3/31/24, Unit C leased $1425 expiring 12/31/23.

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Turnkey Fourplex with Seller Financing Available and Strong MTR Potential

Listed 05/19/2023

8404 Riverstone Dr, Austin

Purchase Price:$685,000

Cash Outlay:$224,950

Cashflow:$1,861/mo

Cap Rate:8.57%

IRR:24.07%

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