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29150006
29150007

Lubbock, TX 79415, Lubbock, TX 79415

29150007
29150006
29150005
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29150003
CM
Collen Melton
TX 0774198
Brick & Loft Realty
Listed by Brick & Loft Realty
$446,000
148 days on market
Updated 137 days ago

Package Property 3

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Cap Rate 5.57%
NOI $24,830
Occupancy 100%
Pro-Forma Cap Rate 8.5%
Pro-Forma NOI $37,905
Class C
Investment Type Stabilized
Occupancy Date 01/08/2026

Multifamily | 5.57% CAP

Marketing description

Property 1: Address: 2913 Bates St Lubbock, TX 79415; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 975; Occupied YN: Yes; Remarks: Leased to 3/30/26

Property 2: Address: 402 43rd St Lubbock, TX 79404; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 875; Occupied YN: Yes; Remarks: Leased to 4/30/2026

Property 3: Address: 621 38th St Lubbock, TX 79404; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: Leased to 7/31/2025

Property 4: Address: 802 Vanda Ave Lubbock, TX 79403; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Occupied YN: Yes; Remarks: 7/31/2026

Property 5: Address: 1107 41st St Lubbock, TX 79412; Bedrooms Total: 3; Total Bathrooms: 2; Parking Spaces: 2; Gross Rental Income: 950; Occupied YN: Yes; Remarks: 3/31/2026

Listing Contacts

CM
Collen Melton
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
$24,830.00
$2,069.17/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
ROI

Map

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Property History

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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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  1. For Sale
  2. Multifamily
  3. TX
  4. Lubbock
  5. Package Property 3
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