This Multifamily Property is Off-Market.

1110 42nd Street
Lubbock, TX 79412 ·

22 Units · Multifamily For Sale

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20+ Unit Multi-Family Package

Price N/A Distressed Yes
No. Units 22 Commission Split 3%
Building Size 15,460 SF Cap Rate 10%
Property Type Multifamily Occupancy 60%
Property Sub-type Garden/Low-Rise Lot Size 151,203 SF
Property Use Type Investment
Listing ID: 17602081 Date Created: 04/03/2012 Last Updated: 12/28/2012

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

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

Research

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

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