Portfolio of 10 Assets
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Portfolio of 10 Assets
10 Properties Offered at $950,000 in Lubbock, TX
INVESTMENT HIGHLIGHTS
- High Occupancy
- Newer Construction
- Property Management in place
- Easy Re-Rent
- Affordable housing
EXECUTIVE SUMMARY
This portfolio is ready to change hands! 10 units, ready to roll with over 90% occupancy, this is a cash flowing machine! All properties were built after 2006, and most have 3 bedrooms, 2 bathrooms, and a 2 car carport, with a few exceptions having 2 bedrooms. These properties are located in North East Lubbock, and cover a wide area based on location. Owner has 20 total units that are all like these if interested in larger group.
TAXES & OPERATING EXPENSES (PRO FORMA - 2023) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $950,000 | Status | Active |
| Price / SF | $70.90 / SF | Number of Properties | 10 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 12.63% | Total Building Size | 13,400 SF |
| Sale Type | Investment | Total Land Area | 2.25 AC |
| Price | $950,000 |
| Price / SF | $70.90 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 12.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 13,400 SF |
| Total Land Area | 2.25 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2913 Bates St, Lubbock, TX 79415 | Specialty | 1,680 SF | 1990 | - |
| 1807 38th St, Lubbock, TX 79412 | Specialty | 1,980 SF | 1990 | - |
| 1801 38th St, Lubbock, TX 79412 | Specialty | 1,680 SF | 1990 | - |
| 621 38th St, Lubbock, TX 79404 | Specialty | 1,680 SF | 1990 | - |
| 1809 38th St, Lubbock, TX 79412 | Multifamily | 1,040 SF | 2007 | - |
| 3518 E Colgate St, Lubbock, TX 79403 | Specialty | 1,068 SF | 2006 | - |
| 3508 E Colgate St, Lubbock, TX 79403 | Specialty | 1,068 SF | 2006 | - |
| 1805 38th St, Lubbock, TX 79412 | Specialty | 1,068 SF | 2006 | - |
| 3512 E Colgate St, Lubbock, TX 79403 | Specialty | 1,068 SF | 2006 | - |
| 1803 38th St, Lubbock, TX 79412 | Specialty | 1,068 SF | 2006 | - |
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Portfolio of 10 Assets
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