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- LoopNet Team
4816 40th St
Lubbock, TX 79414
32 SFR Portfolio · Specialty Property For Sale
·
764 SF
Investment Highlights
- Stable cash-flowing portfolio with long-term tenants
- All SFRs located within fifteen minutes of each other
- Large value-add opportunity to drastically increase rents and value
Property Facts
| Property Type | Specialty | Building Size | 764 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 | 764 SF |
| No. Stories | 1 |
| Year Built | 1954 |
About 4816 40TH ST , LUBBOCK, TX 79414
For sale 32 single family residence portfolio in Lubbock and Slaton, Texas (all in Lubbock County). The package can be sold together or split separately. The portfolio provides stable cash-flow (even during the COVID-19 pandemic) and provides value-add opportunities for a new investor. Simple cosmetic upgrades can drastically provide higher rents across the board. The portfolio is professionally managed by the owner. All tenants must earn a minimum of 3x the rent and must never have been evicted before. Most contracts are auto-renewing annual contracts. Asking Price: $1,875,000 Actual NOI: $209,624; Pro-Forma NOI: $221,800 Actual CAP Rate: 11.2% SELLER WILL LOOK AT ALL OFFERS Email us at rm@mitley.com or call at 806-438-9116
Property Taxes
| Parcel Number | R106387 | Improvements Assessment | $46,734 |
| Land Assessment | $23,000 | Total Assessment | $69,734 |
Property Taxes
