The opportunity
Property overview
32-unit multifamily complex in Lubbock consisting of eight quadplex buildings. The property includes 32 two-bedroom units averaging 920 sq ft each, totaling 29,440 sq ft, and was built in 1986. Each unit features an attached garage. The complex has maintained over 90% occupancy with ongoing rent increases. It is located near Marsha Sharp Freeway, Loop 289, and Texas Tech University.
At a glance
Property details
- Bedrooms
- 2
- Bathrooms
- 2.0
- Floor area
- 920.00 Sqft
- Land area
- —
- Year built
- 1986
- Occupancy
- Occupied
Financial information
Projected highlights
- Projected gross annual income
- USD 902,400.00
- Projected operating expenses
- USD 46,700.00
- Projected net operating income
- USD 855,700.00
- Latest approved valuation
- —
Financial values are projections or approved historical valuations. They do not guarantee investor returns.
Risks and disclosures
Property investments involve risk. Returns and principal are not guaranteed.