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- LoopNet Team
4816 40th St
Lubbock, TX 79414
Specialty Property For Sale
·
20,427 SF
Investment Highlights
- Stable cash-flowing portfolio with long-term tenants
- 20 SFRs located within ten minutes of each other
- Large value-add opportunity by conducting cosmetic upgrades throughout
Property Facts
| Property Type | Specialty | Building Size | 20,427 SF |
| Property Subtype | Residential Income | No. Stories | 1 |
| Building Class | C | Year Built | 1954 |
| Lot Size | 0.15 AC |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 20,427 SF |
| No. Stories | 1 |
| Year Built | 1954 |
About 4816 40TH ST , LUBBOCK, TX 79414
For sale stable 20 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. The portfolio can be sold together or split separately. Please contact us for more information. Actual CAP Rate: 10%; Pro-Forma CAP Rate: 11.4% Asking Price: $999,000 Actual Net Operating Income: $100,246; Pro-Forma Net Operating Income: $113,940 Average Yearly Occupation Rate: More than 98% Average Monthly Rent is $591 Average residence square feet is 1,021 Owner will look at all offers
Property Taxes
| Parcel Number | R106387 | Improvements Assessment | $46,734 |
| Land Assessment | $23,000 | Total Assessment | $69,734 |
Property Taxes
