Historical Multifamily Sale Listing - 5 unit CASH FLOW property

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5 unit CASH FLOW property

2104 Ave M, Lubbock, TX 79411

N/A

5 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
5
Building Size:
1,962 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
19.30%
No. Stories:
2
Year Built:
1943
Lot Size:
6,625 SF
Listing ID
17322571
Last Updated
361 days ago

Description

Great CASH FLOW property! 5 rentable units with $1900 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

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

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Created 9/7/2011