2104 Ave M
Lubbock, TX 79411 ·
5 Units · Multifamily For Sale
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|
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
Not exactly what you're looking for? Start a new custom search to find the perfect property
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.