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29111985
29111986

Lubbock, TX 79412, Lubbock, TX 79412

CM
TX 0774198
Brick & Loft Realty
Listed by Brick & Loft Realty
$460,000
149 days on market
Updated 149 days ago

Package Property 2, Lubbock, TX 79412

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5,340
Units 5
Cap Rate 0.93%
NOI $4,300
Pro-Forma Cap Rate 5.44%
Pro-Forma NOI $25,037
Price per SqFt $86
Class C
Buildings 5
Investment Type Stabilized

Multifamily | 5 Units | $92,000/unit

Marketing description

4 out of the 5 units are rented. Pro-forma cap rate at 100% occupancy.

Property 1: Address: 1801 38th St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: Leased to 11/30/26

Property 2: Address: 1803 38th St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: Leased to 6/30/26

Property 3: Address: 1805 38th St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Occupied YN: No; Remarks: Vacant - Market Rent = 950

Property 4: Address: 1807 38th St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: Leased to 3/31/26

Property 5: Address: 1809 38th St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: Leased to 8/31/26

Listing Contacts

CM
TX 0774198
Brick & Loft Realty
Listed by Brick & Loft Realty

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,300.00
$358.33/mo

Valuation Metrics

0
DSCR
0.93%
Cap Rate
0.93%
ROI

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Additional Information

Name
Collen Melton
License
0774198
Brokerage
Brick and Loft Realty
Brokerage Phone
806-999-0722
Title
Salesperson
Brokerage Address
9607 Milwaukee Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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