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Avenue S 18 Unit Package

6502 Ave. S, Lubbock, TX 79412

$525,000

18 Units | Multifamily

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6502 Ave. S 10 Unit Property

Multifamily Property For Sale

Price:
$525,000
No. Units:
18
Building Size:
14,800 SF
Price/Unit:
$29,166.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
12.75%
Occupancy:
82%
Lot Size:
60,000 SF
Listing ID
16051319
Last Updated
26 days ago

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Description

18 Unit Package consisting of 10 units at 6502 Ave. S (highly occupied). Excellent Cash Flow. 4 Duplexes on E. 2nd St. grossing $2,850. NOI - $65,000+
PRIVATE/OWNER FINANCING WITH 10% DOWN. Ask Me about how you can get in OTHER Investment Properties with 10% DOWN.

6502 Ave. S

Financial Summary

Unit Mix Information

  • Proforma
  • 2008
  • $90,900
  • $90,900
  • $20,786
  • $70,114
  • $70,114

Map of 6502 Ave. S, Lubbock, TX 79412 (Lubbock County)

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Asking Price Index Trends for Lubbock, TX Multifamily For Sale

  Mar 15 vs. 3 mo.
prior
Y-O-Y
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State
$52,250+3.7%+6.4%

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Avenue S 18 Unit Package
  • Multifamily
  • $525,000
  • 18 Units
  • 14,800 SF