11 SFR Cash Flow Package

Multi-Family for Sale
Catylist Listing ID: 30565006
Number of Units: 11 Units
Building Size (RSF): 14,139 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $52,272.73 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.0%
Average Occupancy Rate: 95
Last Updated: 3/20/2020

Overview / Comments

Looking to add cash flowing property to your rental portfolio? Look no further, here is a 11 property package with long term seasoned tenants, a great value add opportunity. All properties are leased except for 1511 E 1st which will be released for $995 starting March 1st. Bring us an offer!

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $5,695 (Annual)
Assessed Value - Total($) $598,000 (Annual)
Potential Rental Income $99,120 (Annual)
Gross Operating Income $90,720 (Annual)
Net Operating Income $60,919 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock
Tax ID/APN: R104406
Zoning: RESIDENTIAL
Percent Occupied: 90%
Area Description: East Lubbock
Total Number of Buildings: 11
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,739 80,624 156,195
Median Age: 28.89 29.26 32.21
Households: 1,624 28,349 58,264

Contact

Photograph of Listing Agent

Jarrett Thornton

Progressive Properties
West Texas CIE Member
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