🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

Value-Add Quadplex with New Roof and One Vacancy

791 Fortune St, Houston
ROI
15.65% IRR
Strategy
Long Term Rental
Value-add quadplex with new roof and one vacancy. C class neighborhood in Northside. Two units month-to-month at $525-550/mo need updating to increase to $750+/mo. One updated unit rented for $750/mo. 2,376 sq ft quadplex with 2 beds, 1 bath per unit. Built in 1965. One unit currently vacant and listed for $750/mo, one updated unit rented mtm for $750/mo. Two outdated units rented mtm for $525 and $550. Owner currently pays water, which should be transferred to tenants at market rent.

Enter your email to download the proforma

< Back to Daily Deals

Value-Add Quadplex with New Roof and One Vacancy

Listed 06/20/2023

791 Fortune St, Houston

Purchase Price:$325,000

Cash Outlay:$107,750

Cashflow:$248/mo

Cap Rate:6.38%

IRR:15.65%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Quadplex Near Major Military Base $309k

1301 Wales Dr, Killeen

Purchase Price:$309,000

Cash Outlay:$83,430

Cashflow:$623/mo

Cap Rate:8.40%

IRR:22.35%

Long Term Rental

Occupied Heavy Cashflow Dallas Duplex $280k

9572 Gonzales Dr, Dallas

Purchase Price:$280,000

Cash Outlay:$75,600

Cashflow:$874/mo

Cap Rate:9.73%

IRR:28.59%

Long Term Rental

Cashflowing Dallas Duplex $255k

700 Cumberland St, Dallas

Purchase Price:$255,000

Cash Outlay:$68,850

Cashflow:$406/mo

Cap Rate:7.89%

IRR:19.95%

Mid Term Rental

Exceptional Value Off-Market Quadplex $550k

241 Deerwood Dr, San Antonio

Purchase Price:$550,000

Cash Outlay:$148,500

Cashflow:$28/mo

Cap Rate:6.05%

IRR:11.28%

Long Term Rental

Off Market Cashflowing DFW Duplex $295k

2316 Meadow Ln, Mesquite

Purchase Price:$295,000

Cash Outlay:$79,650

Cashflow:$264/mo

Cap Rate:7.06%

IRR:16.03%

Long Term Rental

Cashflowing Quadplex Near Military Base $385k

4806 Rainbow Cir, Killeen

Purchase Price:$385,000

Cash Outlay:$103,950

Cashflow:$510/mo

Cap Rate:7.58%

IRR:18.48%

Made with ❤️ by WebCherry