Medical District Multi-Family Package Multi-Family FOR SALE


Lubbock, TX
$1,150,000 USD
806-239-0804
, Lubbock, TX for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/19
null | 6.1% Cap Rate

Medical District Multi-Family Package
Lubbock, TX


HIGHLIGHTS

  • Close Proximity to Texas Tech University
  • Close Proximity to Medical Centers
  • Convenient Access to Major Roadways and Local Amenities
  • High-Quality Designer Finishes
  • Abundant Designated Paved Parking
  • Fully Leased Units

OVERVIEW

The Powell Group is pleased to present this multi-family investment package, located in the highly desirable Medical District, within blocks of Covenant Health System hospitals and medical offices, and 4 blocks from Texas Tech campus! This package includes 5 adjacent duplexes, all fully rented and perfect for those seeking a quality turnkey investment. This is a unique chance to capitalize on strong rental demands around Texas Tech, as well as this recent build’s minimized maintenance needs and upkeep. Each spacious duplex is thoughtfully designed, offering high-grade finishes like granite countertops, tile backsplash, stainless steel appliances, decorative tile bathroom inlays, ceiling fans, abundant accent can lighting, crown molding, and more, lending to potential for future growth in income generation. Four duplexes are 1 bed/1 bath and one duplex is 2 bed/2 bath. There are 21 off-street designated parking spaces, as well as a sprinkler system for sod and mature landscaping. Seller is currently seeking certificate of elevation to remove properties from the flood zone. *Potential additional rental income opportunities could include adding covered parking, where permitted*.

ASK ABOUT THIS PROPERTY

David PowellKW LubbockMore Info
806-239-0804

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David PowellKW LubbockMore Info
806-239-0804

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