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Texas

Lubbock, TX - 11M

Lubbock
Cash
Texas
$
11000000
Lubbock
Description:
Details:

* This portfolio offers both stabilized and value-add components across various occupancy levels and property conditions (turn-key, light make-ready, and construction-needed).

* Diverse Property Conditions: From fully occupied turn-key assets to partially occupied properties needing light renovations—ideal for immediate cash flow and future upside.Strong Rental Demand: Located in Lubbock, a growing market driven by Texas Tech University, a robust medical district, and a stable employment base.

* Economies of Scale: Acquire 121 units in one transaction, streamlining management and operations.

Value Adds:

Upside Potential: Current rents across several properties leave room for rental growth through strategic renovations and improved property management.

Miscellaneous:

1316 & 1314 65th Dr.

9 units | Partially Occupied | Light Make Ready Needed

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1902 Kewanee & 6302 20th St.

17 units | Partially Occupied | Light Make Ready Needed

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1906 Dixie Dr.

6 units | Vacant | Construction Needed

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2101 51st St.

12 units | Partially Occupied | Construction Needed

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3214-3220 CR

58257 units | Partially Occupied | Turn-Key

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5005 Ave W

12 units | Partially Occupied | Turn-Key

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5708-5720 Brownfield Dr.

28 units | Partially Occupied | Light Make Ready Needed

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1717 48th St.

30 units | Fully Occupied | Turn-Key

No
Cash

More details:

Texas
$
11000000
Lubbock
CAP:
7.54%
Fee Paid By Buyer:
2%
NOI:
$829,690
Assumable Loan:
Seller Carry:
No
Doors:
121
Parking:
Price per Door:
Keys:
Price per Key:
Assumable Amount:
Class:
Build Year:
Reno Year:
Buildings:
Stories:
Under Roof SF:
Lot SF:
Zoning:
No
Cash

Contact us

For inquiries, reach out to taylor@introsatscale.com

Office

Greensboro, NC