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Value-Add Cashflowing Quadplex in San Antonio $420k

202 Fir Dale, Converse
ROI
17.66% IRR
Strategy
Long Term Rental
9% cap rate in Converse which is an appreciating suburb of San Antonio. Value-add. Assume all 4 units will need to be updated as tenants move out. Budget $15k per door and confirm renovation budget with your GC during due diligence. 4 tenants in place each pays $1000 per month. Taxes 7331.

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Value-Add Cashflowing Quadplex in San Antonio $420k

Listed 07/11/2024

202 Fir Dale, Converse

Purchase Price:$420,000

Cash Outlay:$113,400

Cashflow:$345/mo

Cap Rate:9.01%

IRR:17.66%

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