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Value-Add Duplex in South Austin

2211 E Stassney Ln, Austin
ROI
20.00% IRR
Strategy
Mid Term Rental
Value-add duplex in south Austin. New roof in 2019, foundation needs repair quoted at $7700. Listed at $410k, unit next door with same seller needed similar work and was also listed for $410k and sold for $380k. 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.

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Value-Add Duplex in South Austin

Listed 02/23/2024

2211 E Stassney Ln, Austin

Purchase Price:$385,000

Cash Outlay:$128,950

Cashflow:$622/mo

Cap Rate:7.31%

IRR:20.00%

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