For sale 3 single family residence portfolio located in west Lubbock. We are thrilled to present a new investment opportunity in West Lubbock. These houses are all 3/2/2, have full kitchens, an isolated master bathroom, remote controlled garages, and very large backyards.
As of today, 3 of the 3 units are occupied and cash-flowing, offering a Buyer immediate cash flow with no vacancy.
The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through simple cosmetic upgrades that can lift rents. In the alternative, the portfolio, in its current condition, provides above-market returns.
The portfolio is professionally managed by the owner. All tenants must earn a minimum of 3x the rent and must never have been evicted before. Most contracts are auto-renewing annual contracts.
Asking Price: $479,000
Est. 2024 NOI: $40,104; Pro-Forma NOI: $44,128
SELLER WILL LOOK AT ALL OFFERS