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Updated Fourplex Close to IAH Airport,3 expired or Month-to-Month Leases

1312 Brenda Ln, Humble
ROI
19.64% IRR
Strategy
Long Term Rental
Updated fourplex close to IAH airport. 3 expired or month-to-month leases and 1 vacant unit. All 2 bed, 2 bath units. Two story fourplex with 3 units occupied with one month-to-month, one expired 2/28/23, and one expiring 3/31/23. All units remodeled in 2014 including new roof, all AC units replaced 2014-2021, water heaters 2014-2020.

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Updated Fourplex Close to IAH Airport,3 expired or Month-to-Month Leases

Listed 03/28/2023

1312 Brenda Ln, Humble

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$335/mo

Cap Rate:6.75%

IRR:19.64%

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