This property is Off-Market

2104 Ave M
Lubbock, TX 79411 ·

5 Units · Multifamily For Sale

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5 unit CASH FLOW property

Price N/A Property Use Type Investment
No. Units 5 Cap Rate 20%
Building Size 1,962 SF No. Stories 2
Property Type Multifamily Year Built 1943
Property Sub-type Garden/Low-Rise Lot Size 6,625 SF
Listing ID: 17322571 Date Created: 09/07/2011 Last Updated: 07/30/2015

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

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

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