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17 New and Fully Occupied Duplexes 2 Multifamily Properties Offered at $7,225,000 in Lubbock, TX
Investment Highlights
- 100% Occupied. High demand!
Executive Summary
New Construction! 7120 22nd Street. New duplexes located in NW Lubbock and within the Frenship School District. Interior and exterior design and construction by Clearview Custom Homes. They are nice! Each side offers 3 bedrooms and 2 bathrooms with one and two car garages. Finish out includes granite countertops, window treatments, ceiling fans, vinyl plank flooring, designer tile, and more. The home offers an open concept with designer colors....light and bright. Artificial turf in the fenced backyard. 17 Available. $425,000 each or $7,225,000 for the package. 100% Occupancy @ $1600-$1700 per side. 8% Cap Rate
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $7,225,000 | Number of Properties | 2 |
| Price / SF | $953.17 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 7,580 SF |
| Status | Active | Total Land Area | 0.47 AC |
| Price | $7,225,000 |
| Price / SF | $953.17 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,580 SF |
| Total Land Area | 0.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7120 22nd St, Lubbock, TX 79407 | Multifamily | 3,790 SF | 2025 | - |
| 7119 22nd St, Lubbock, TX 79407 | Multifamily | 3,790 SF | 2025 | - |
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Presented by
Chuck Dannheim
17 New and Fully Occupied Duplexes
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