2104 Ave M, Lubbock, TX, 79411 - Available for Sale

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5 unit CASH FLOW property

2104 Ave M, Lubbock, TX 79411

$49,900

5 Units | Multifamily

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Multifamily Property For Sale

Price:
$49,900
No. Units:
5
Building Size:
1,962 SF
Price/Unit:
$9,980
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
20%
No. Stories:
2
Year Built:
1943
Lot Size:
6,625 SF
Listing ID
17322571
Last Updated
15 days ago

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Description

Great CASH FLOW property! 5 rentable units with $1,650 Gross Potential rent. Brick exterior. All units registered. There's also an additional efficiency unit in the back yard that's currently under construction. Could be a total of 6 units. Plenty of UPSIDE POTENTIAL by finishing back unit and raising rents. Utilities are currently paid by the owner up to $400/month. OWNER FINANCING AVAILABLE. Proforma CAP rate based on 50% expense ratio.

From 19th and Q: go east to Ave M, turn south, property on west side of street

Unit Mix Information

Map of 2104 Ave M, Lubbock, TX 79411 (Lubbock County)

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Greg Brownd
Greg Brownd

Multifamily Properties and Residential Packages in West Texas

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Asking Price Index Trends for Lubbock, TX Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$49,359+0.5%+12.5%

View Lubbock Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 9/7/2011
5 unit CASH FLOW property
  • Multifamily
  • $49,900
  • 5 Units
  • 1,962 SF