Rohit Mittal
This listing was posted on RealtyWW.
$782,215
Home For Sale In Lubbock, Texas
Price:
$782,215
BR/BA:
10+ BR, 9 BA
Location:
2306 Fir Ave, Lubbock, TX
Description:
For sale 2306 Fir Avenue, Lubbock, TX 79404 - 14-unit apartment complex We are thrilled to present a new investment opportunity in Lubbock's Wheelock neighborhood. This remodeled 14-unit apartment is an upgraded property featuring new plumbing, HVACs, electrical wiring, kitchenettes, appliances, bathrooms, new roof, etc. Each unit features new laminate flooring, fresh paint, new kitchenettes, new light fixtures, and more that tenants love! Low long-term maintenance, as the Seller has upgraded just about everything. Property has a gated entryway (locked), security cameras, and an on-site laundry facility. As of today, 9 of the 14 units are occupied and cash-flowing, offering a Buyer to go in and lease up the vacant units. Asking Price: $782, 215 ($55, 872/unit) Current NOI (est.): $41, 681; Pro-Forma NOI: $66, 488 (achievable by just renting the 5 units) Actual CAP Rate: 5.33%; Pro-Forma CAP Rate: 8.5%For more details: https://realtyww.info/homes_lubbock-d523395/for-sale_i71720785
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More About this Listing: Home For Sale In Lubbock, Texas
Home For Sale In Lubbock, Texas is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 2306 Fir Ave in Lubbock TX. Find other listings like Home For Sale In Lubbock, Texas and listings near 2306 Fir Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Lubbock TX.
Home For Sale In Lubbock, Texas is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 2306 Fir Ave in Lubbock TX. Find other listings like Home For Sale In Lubbock, Texas and listings near 2306 Fir Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Lubbock TX.