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Updated Fourplex in South Austin Ideal for Mid-Term Rental

2303 Cedrick Cv, Austin
ROI
23.95% IRR
Strategy
Mid Term Rental
Updated fourplex in South Austin ideal for mid-term rental. All 2 bed 1 bath units currently occupied with long-term tenants, 2 leases expire before closing, 1 in December, and one in March 2024. Two story 3,120 sq ft fourplex built in 1982 with 2 beds, 1 bath per unit. Unit A & D are $1265/mo expiring June 2023, Unit B is $1250/mo expiring December 2023, Unit C is $1462/mo on section 8 expiring March 2024. Roof replaced in 2019, updated interiors on 3 units.

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Updated Fourplex in South Austin Ideal for Mid-Term Rental

Listed 06/06/2023

2303 Cedrick Cv, Austin

Purchase Price:$725,000

Cash Outlay:$235,750

Cashflow:$1,910/mo

Cap Rate:8.51%

IRR:23.95%

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