3 SFR Portfolio | West Lubbock
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3 SFR Portfolio | West Lubbock
3 Specialty Properties Offered at $479,000 in Lubbock, TX
Investment Highlights
- 3 SFR Portfolio in Lubbock's Highly Desirable West Lubbock (Frenship School District)
- 100% occupied with above-market returns
- Professionally maintained by the owner
Executive Summary
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
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
Property Facts
| Price | $479,000 | Status | Active |
| Price / SF | $128.52 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.37% | Total Building Size | 3,727 SF |
| Sale Type | Investment | Total Land Area | 0.44 AC |
| Price | $479,000 |
| Price / SF | $128.52 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 8.37% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 3,727 SF |
| Total Land Area | 0.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6139 39th St, Lubbock, TX 79407 | Specialty | 1,186 SF | 1997 | - |
| 6103 39th St, Lubbock, TX 79407 | Specialty | 1,301 SF | 1997 | - |
| 6109 35th St, Lubbock, TX 79407 | Specialty | 1,240 SF | 1997 | - |
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3 SFR Portfolio | West Lubbock
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