Historical Multifamily Sale Listing - 20+ Unit Multi-Family Package

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Lubbock, TX or Texas

20+ Unit Multi-Family Package

1110 42nd Street, Lubbock, TX 79412

N/A

22 Units | Multifamily

  • Print

1110 42nd Street

Multifamily Property - Off Market

Price:
N/A
No. Units:
22
Building Size:
15,460 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
3%
Cap Rate:
10%
Occupancy:
60%
Lot Size:
151,203 SF
Listing ID
17602081
Last Updated
over 1 year ago

Highlights

  • $3,000+ Monthly current cash flow
  • $8,800+ Proforma Cash Flow
  • $90,000 Below tax appraised value
  • Distressed Sale Opportunity
  • Seller Financing with 20% Down

Description

13 Properties and 22 total income producing units. Current income of $3,000-4,000 per month with 10 vacancies that need some work. Purchase units AS IS. Total income on 22 units =$8,800+ per Month or $100,000 per year. Inquire for property address breakdown and current rent roll. Seller Financing available with 20% Down

1110 42ndf, 1108 42nd, 1106 42nd, 920 42nd, 1110 41st, 2107 38th, 2105 38th, 6430-6436 Ave Q, 1122 44th, & 605 Zenith are addresses for 13 properties and 22 total units

Map of 1110 42nd Street, Lubbock, TX 79412 (Lubbock County)

Research for 1110 42nd Street, Lubbock, TX 79412 (Lubbock County)

  • Demographics – Population, income & other demographics near 1110 42nd Street
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
Created 4/3/2012