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Owner Upgraded Fourplex Multi Family Home in Arlington – Great Revenue with 24.8% ROI

Asking $ 535,000
in
Knoll Crest Drive, ,
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32
Sold

Property Description

  • Upgraded unit 2172 with black and SS appliances, backsplash, granite countertops, new flooring etc.
  • Unit mix is as follows: 2166 – 2 bedrooms, 1 bath; 2168 – 2 bedrooms, 1.5 baths; 2170 – 3 bedrooms , 2 baths; 2172 – 2 bedrooms, 1 bath.
  • Rents are as follows: 2170 – $1195 per month; 2172 – $1,050; 2166 – $995; and 2168 – $995.
  • Tenants pay own electric, and owner bills back $80 per month for water.
  • Roof is brand new and replaced in early 2020.
  • HVACs are all newer – one replaced in 2020 and others within 3 years old.
  • Unit 2172 has balcony and others have open patio.
Address: Knoll Crest Drive
City:
State/county:
Zip: 76014
Country: United States
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Property ID: 27798
Price: Asking $ 535,000
Property size: 3 822 ft2
Property lot size: 2 744 ft2
Rooms: 24
Bedrooms: 9
Bathrooms: 6.5
Year Built: 1980
Garage: Attached
Garage Size: 4
External Construction: Brick
Roofing: Composition
Rent (mo): 4235
ROI (ann): 24.8
Cashflow (mo): 395
Property Taxes (mo): 1159
Insurance (mo): 100
Repairs (mo): 70
Management Fee (mo): 400
Leasing Fee (ann): 140
HOA (mo): 0
Vacancy Rate (ann): 4
walkscore19 / Car-Dependent more details here

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