Value-Add Duplex in South Austin
2211 E Stassney Ln, Austin
ROI
20.92% IRR
Strategy
Mid Term Rental
Value-add duplex in south Austin. New roof in 2019, foundation needs repair quoted at $7700. Listed at $400k, unit next door with same seller needed similar work and was also listed for $410k and sold for $380k. ARV $420-430k. Long-term rents $1300-1500 per unit, furnished mid-term rents are $2400-2800 per unit. 1,700 sq ft duplex built in 1983 with 2 beds, 1 bath per side. Unit B leased for $1250/mo expiring end of July, Unit A $1300/mo expires in June. Mid-term rent potential $2400-2800/mo per side.
