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Value-Add 12-Plex For Cashflow $1.35M

500 Burton Ave, San Antonio
ROI
20.88% IRR
Strategy
Long Term Rental
Currently 11 of 12 units are occupied. Total rent is $11,191 per month. Water/ sewer paid by owner. Electric is separately metered and paid by tenants. There are (8) 2 bed units and (4) 1 bed units. The 2-bedroom comps in the area are going for $1200 and the 1-bedroom average $1000 for $13,600 top line in the next 12 months. Taxes $14,277.

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Value-Add 12-Plex For Cashflow $1.35M

Listed 09/19/2024

500 Burton Ave, San Antonio

Purchase Price:$1,350,000

Cash Outlay:$364,500

Cashflow:$2,366/mo

Cap Rate:8.09%

IRR:20.88%

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