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- LoopNet Team
1720 47th St
Lubbock, TX 79412
Specialty Property For Sale
·
8,018 SF
Investment Highlights
- Stable investment offering value-add opportunities to an buyer
- Portfolio is priced to sell and is offered at a portfolio price
- Portfolio provides a nice return to an investor with an average rent of $712 per month
- All tenants must earn a minimum of 3X the rent
Property Facts
About 1720 47TH ST , LUBBOCK, TX 79412
For sale stable 6 single-family residence portfolio in Lubbock, Texas Stable portfolio for sale now that is ready for a new owner to take advantage of its stability and value-add opportunities. All houses are leased, and most have been remodeled or refreshed. The portfolio can be sold together or split separately. Please contact us for more information. Actual CAP Rate: 9.5%; Pro-Forma CAP Rate: 10.5% Asking Price: $407,600 Actual Net Operating Income: $38,738; Pro-Forma Net Operating Income: $42,637 Average Yearly Occupation Rate: More than 98% Average Monthly Rent is $712 Average residence square feet is 1,336 Owner will look at all offers
Property Taxes
| Parcel Number | R124239 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $90,642 |
Property Taxes
