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Value-Add STR or MTR Quadplex in Permitted Zone Near Arlington Entertainment District

1009 W Sanford St, Arlington

ROI

29.48% IRR

Strategy

Mid Term Rental

Value-Add STR or MTR quadplex in permitted zone near Arlington entertainment district. $650-675k ARV. 4,164 sq ft quadplex with 2 bed, 2 bath units built in 1979. One vacant unit, one mtm @ $1000/mo, two @ $1075/mo expiring in April. Two units updated and two in need of some work.

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Value-Add STR or MTR Quadplex in Permitted Zone Near Arlington Entertainment District

Listed 06/26/2023

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1009 W Sanford St, Arlington

Purchase Price:$575,000

Cash Outlay:$215,250

Cashflow:$37,21/mo

Cap Rate:12.23%

IRR:29.48%

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