3 SFR Portfolio | West Lubbock Specialty FOR SALE


Lubbock, TX - West End
$479,000 USD
806-438-9116
, Lubbock, TX for Sale
$479,000 USD
Specialty - FOR SALE
1/1
null | 8.37% Cap Rate

3 SFR Portfolio | West Lubbock
Lubbock, TX
West End


HIGHLIGHTS

  • 3 SFR Portfolio in Lubbock's Highly Desirable West Lubbock (Frenship School District)
  • Professionally maintained by the owner
  • 100% occupied with above-market returns

OVERVIEW

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

ASK ABOUT THIS PROPERTY

Rohit MitleyMitleyMore Info
806-438-9116

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Rohit MitleyMitleyMore Info
806-438-9116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.