NW Lubbock 5-Plex for Sale

Multi-Family for Sale
Catylist Listing ID: 30774576
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 6,477 SF
Gross Building Area: See Agent
Sale Price: $1,243,384
Unit Price: $248,676.80 Per Unit
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 11/16/2021

Overview / Comments

Beautiful, new-build 5-plex available in growing northwest Lubbock. Property is fully leased, and boasts high-end finishes throughout. Each unit has a two-car garage and its own backyard with privacy fences. This is an ideal size for an investor wanting to move into multifamily from single family investments, and is priced below replacement cost. Stable, attractive asset class.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R335077
Percent Occupied: 100%
Property Condition: Excellent
Number of Stories: 1
Year Built: 2021
Parking Description: Each unit has a 2-car garage
Laundry: In Each Unit
Interior Description: High-end finishes throughout.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,538 45,645 129,332
Median Age: 23.39 29.34 29.41
Households: 2,025 18,171 49,916

Contact

Photograph of Listing Agent

Brad Andrews

Brad Andrews Realty West Texas CIE Member
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