Value-add 1% Rule duplex in the heart of Arlington

427 Claire Ct, Arlington

ROI

19.46% IRR

Strategy

Long Term Rental

Value-add 1% Rule duplex in the heart of Arlington. Great entry price with $330k ARV. Long-term tenants (15+ years) well below market rent, with cosmetic updates needed to increase. Centrally located between Six Flags, AT&T Stadium, Medical City, TWU, and Fort Worth. 1,870 sq ft duplex with 2 beds, 1 bath per side. Built in 1980. Both sides currently occupied on 6-month leases at $900/mo, with tenants in place for 15+ years. Cosmetic value-add needed (floors, paint, counters, cabinets).

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Value-add 1% Rule duplex in the heart of Arlington

Listed 07/07/2023

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427 Claire Ct, Arlington

Purchase Price:$270,000

Cash Outlay:$92,900

Cashflow:$204/mo

Cap Rate:6.30%

IRR:19.46%

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