This Multifamily Property is Off-Market.

2104 Ave M
Lubbock, TX 79411 ·

5 Units · Multifamily For Sale

N/A

Print

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Lubbock Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)