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Value-Add Duplex in Arlington’s STR Zone Next to Entertainment District

2504 Hollandale Circle, Arlington
ROI
25.32% IRR
Strategy
Short Term Rental
Back on market - Value-add duplex in Arlington's STR Zone next to entertainment district. Minutes to Six Flags, ATT Stadium, UTA. 2 beds per unit both current occupied until 9/2023 and 5/2024. Duplex built in 1970 with 1,146sf 2 bed, 1.5 bath units. Unit A is leased for $950/mo until 5/2024. Unit B leased for $1500/mo until 9/2023. Both have had some updates recently including floors, paint, fixtures. Dated kitchens and exterior would benefit from cosmetic upgrades to maximize STR potential.

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Value-Add Duplex in Arlington’s STR Zone Next to Entertainment District

Listed 06/26/2023

2504 Hollandale Circle, Arlington

Purchase Price:$365,000

Cash Outlay:$138,550

Cashflow:$2,033/mo

Cap Rate:11.22%

IRR:25.32%

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