150 PROPERTY PORTFOLIO (175 Doors) - LUBBOCK, TX. - $13.5MM + cc & fee
92% Occupancy 1% Evictions
NOI: $986,980 | 7.3% cap
95% have been updated in past 5 years.
STABILIZED – 92% occupancy. 95% updated in the past 5 years, less than 1 eviction per month on avg
TURNKEY – Lean, mean management team in place and will transfer with sale.
Every aspect of this business is systematized and automated w/ SOP’s: 1) Leasing, 2) Collections, 3) Maintenance/Make Ready’s, 4) Bookkeeping.
CONSISTENTLY performing portfolio with stable cash flow that is really like a B class portfolio
Strong rental demand and infrastructure growth.
VALUE ADD – Rents are currently 20% below market FMR.
​
2020 to present owner has focused exclusively on stabilizing. Every aspect of the business is automated allowing it to be managed with a small team, 1 to 3 hours a day
All were purchased using BRRR so all required extensive renovations in order to refinance and rinse and repeat. About half are in 30 year fixed loans. The other half in 15 or 20 year terms and reset every 3 to 5 years depending on the lender.
​
Featured Properties
​
Property 1
2924 Beechwood Street, Odessa, TX 7976
​
Property 2
2005 Beverly St, Odessa, TX 79761
Property 3
1320 N Kelly Avenue, Odessa, TX 79763
Property 4
2761 Keystone Dr, Odessa, TX 79762
Property 5 (3 Units)
909 W 21st St, Odessa, TX 79763
Property 6
3007 Henderson Ave, Odessa, TX 79764
Property 7
2114 Milburn Ave, Odessa, TX 79761
Property 8
3608 McKnight Dr, Odessa, TX 79762
Property 9
112 79th St, Lubbock, TX 79404
Property 10
1609 29th St, Lubbock, TX 79411
Property 11
1901 63rd St, Lubbock, TX 79412
Property 12
1905 E Cornell St, Lubbock, TX 79403
Property 13
1933 E Colgate St, Lubbock, TX 79403
Property 14
2409 E 7th St, Lubbock, TX 79403
Property 15
2606 E Baylor St, Lubbock, TX 79403
Property 16
2635 E Bates St, Lubbock, TX 79403
Property 17
2714 E 3rd St, Lubbock, TX 79403
Property 18
3016 E 3rd St, Lubbock, TX 79403
Property 19
4219 E 65th St, Lubbock, TX 79403
Property 20
1312 40th St, Lubbock, TX 79412
Property 21
1705 E 29th St, Lubbock, TX 79404
Property 22
1912 44th St, Lubbock, TX 79412
Property 23
2608 E Colgate St, Lubbock, TX 79403
Property 24
2717 E 3rd St, Lubbock, TX 79403
Property 25
2804 Cornell St, Lubbock, TX 79415
Property 26
3013 E 3rd St, Lubbock, TX 79403
Property 27
3207 Duke St, Lubbock, TX 79415
Property 28
4803 Canton Ave, Lubbock, TX 79413
Property 29
4805 Canton Ave, Lubbock, TX 79413
Property 30 (4 Units)
2107 49th St, Lubbock, TX 79412
Property 31
710 9th St, Levelland, TX 79336
Property 32
803 Avenue A, Levelland, TX 79336
Property 33 (2 Units)
901 Avenue G, Levelland, TX 79336
Property 34
1505 29th St, Lubbock, TX 79411
Property 35
1516 32nd St, Lubbock, TX 79411
Property 36
725 S 9th St, Slaton, TX 79364
Property 37
106 Vernon Ave, Lubbock, TX 79415
Property 38
109 N Avenue V, Lubbock, TX 79415
Property 39
111 Waco Ave, Lubbock, TX 79415
Property 40
123 Avenue V, Lubbock, TX 79415
Property 41
1507 24th St, Lubbock, TX 79411
Property 42
1707 E 27th St, Lubbock, TX 79404
Property 43
1707 E 28th St, Lubbock, TX 79404
Property 44
1713 E 48th St, Lubbock, TX 79404
Property 45 (4 Units)
1805 Wausau Ave, Lubbock, TX 79407
Property 46
1915 Avenue O, Lubbock, TX 79411
Property 47
2008 E 6th St, Lubbock, TX 79403
Property 48
2009 38th St, Lubbock, TX 79412
Property 49 (2 Units)
2105 Avenue T, Lubbock, TX 79411
Property 50
2115 47th St, Lubbock, TX 79412
Property 51
2121 20th Street Lubbock, TX
Property 52
216 E 36th St, Lubbock, TX 79404
Property 53
2202 Birch Ave, Lubbock, TX 79404
Property 54 (2 Units)
2203 25th St, Lubbock, TX 79411
Property 55
2418 35th St, Lubbock, TX 79412
Property 56
2422 E 10th St, Lubbock, TX 79403
Property 57
2448 E 30th St, Lubbock, TX 79404
Property 58
2510 46th St, Lubbock, TX 79413
Property 59
2603 1st St, Lubbock, TX 79415
Property 60
2625 Parkway Dr, Lubbock, TX 79403
Property 61
2721 E Colgate St, Lubbock, TX 79403
Property 62
2730 E 3rd St, Lubbock, TX 79403
Property 63
2803 1st Pl, Lubbock, TX 79415
Property 64
2805 1st Pl, Lubbock, TX 79415
Property 65
2814 1st Pl, Lubbock, TX 79415
Property 66 (5 Units)
806 N Detroit Ave, Lubbock, TX 79415
Property 67
2906 Cornell St, Lubbock, TX 79415
Property 68
3016 E 3rd Pl, Lubbock, TX 79403
Property 69
303 39th St, Lubbock, TX 79404
Property 70
3102 Dartmouth St, Lubbock, TX 79415
Property 71
3113 Teak Ave, Lubbock, TX 79404
Property 72
3209 Itasca St, Lubbock, TX 79415
Property 73
3217 Emory St, Lubbock, TX 79415
Property 74
3418 E 16th St, Lubbock, TX 79403
Property 75
515 E Stanford St, Lubbock, TX 79403
Property 76
5423 Avenue D, Lubbock, TX 79404
Property 77
3418 E 16th St, Lubbock, TX 79403
Property 78 (2 Units)
7311 21st St, Lubbock, TX 79407
Property 79
7316 21st St, Lubbock, TX 79407
Property 80
808 Vanda Ave, Lubbock, TX 79403
Property 81
817 Vanda Ave, Lubbock, TX 79403
Property 82
850 S 13th St, Slaton, TX 79364
Property 83
930 S 10th St, Slaton, TX 79364
Property 84
2123 33rd St, Lubbock, TX 79411
Property 85 (2 Units)
1917 26th St, Lubbock, TX 79411
Property 86
2006 26th St, Lubbock, TX 79411
Property 87 (2 Units)
2002 26th St, Lubbock, TX 79411
Property 88
2613 Auburn St, Lubbock, TX 79415
Property 89
2618 Cornell St, Lubbock, TX 79415
Property 90 (2 Units)
1708 Avenue N, Lubbock, TX 79401
Property 91
2720 E 3rd St, Lubbock, TX 79403
Property 92
605 37th St, Lubbock, TX 79404
Property 93 (2 Units)
501 N Flint Ave, Lubbock, TX 79415
Property 94
2521 1st Pl, Lubbock, TX 79415
Property 95
102 Avenue V, Lubbock, TX 79415
Property 96
1311 39th St, Lubbock, TX 79412
Property 97
1410 24th Pl, Lubbock, TX 79411
Property 98 (2 Units)
1606 22nd St, Lubbock, TX 79411
Property 99
2008 Avenue V, Lubbock, TX 79411
Property 100 (2 Units)
2115 27th St, Lubbock, TX 79411
Property 101
2302 2nd Pl, Lubbock, TX 79415
Property 102 (2 Units)
2202 25th St, Lubbock, TX 79411
Property 103
122 Avenue V, Lubbock, TX 79415
Property 104 (2 Units)
2708 Emory St, Lubbock, TX 79415
Property 105
2907 2nd St, Lubbock, TX 79415
Property 106 (2 units)
2720 Colgate St, Lubbock, TX 79415
Property 107
312 Beech Ave, Lubbock, TX 79403
Property 108
1303 41st St, Lubbock, TX 79412
Property 109
1803 E 1st Pl, Lubbock, TX 79403
Property 110
1819 E Colgate St, Lubbock, TX 79403
Property 111
2106 32nd St, Lubbock, TX 79411
Property 112
2119 37th St, Lubbock, TX 79412
Property 113
2122 23rd St, Lubbock, TX 79411
Property 114
2717 Dartmouth St, Lubbock, TX 79415
Property 115
2804 40th St, Lubbock, TX 79413
Property 116
2816 2nd Pl, Lubbock, TX 79415
Property 117
3702 Avenue U, Lubbock, TX 79412
Property 118
2818 E 5th St, Lubbock, TX 79403
Property 119
1308 32nd St, Lubbock, TX 79411
Property 120
1107 32nd St, Lubbock, TX 79411
Property 121
2410 E 7th St, Lubbock, TX 79403
Property 122
2726 E 2nd St, Lubbock, TX 79403
Property 123
1718 East 48th Lubbock, TX
Property 124
1501 E 17th St, Lubbock, TX 79403
Property 125
1530 30th St, Lubbock, TX 79411
Property 126
1719 E 2nd St, Lubbock, TX 79403
Property 127
1723 E 1st Pl, Lubbock, TX 79403
Property 128
1802 E 2nd St, Lubbock, TX 79403
Property 129
1809 E 2nd St, Lubbock, TX 79403
Property 130
1813 E 2nd St, Lubbock, TX 79403
Property 131
1828 E 1st St, Lubbock, TX 79403
Property 132
2415 E 10th St, Lubbock, TX 79403
Property 133
2601 E Baylor St, Lubbock, TX 79403
Property 134
2712 2nd St, Lubbock, TX 79415
Property 135
2716 E 3rd St, Lubbock, TX 79403
Property 136
3107 Avenue M, Lubbock, TX 79411
Property 137
3313 Auburn St, Lubbock, TX 79415
Property 138
3412 E 17th St, Lubbock, TX 79403
Property 139
3417 E 16th St, Lubbock, TX 79403
Property 140
1225 S 10th St, Slaton, TX 79364
Property 141
1435 S 9th St, Slaton, TX 79364
Property 142
1520 36th St, Lubbock, TX 79412
Property 143
2122 20th St, Lubbock, TX 79411
Property 144
5015 37th St, Lubbock, TX 79414
Property 145
102 N Mulberry Ave, Lubbock, TX 79403
Property 146
1225 W Garza St, Slaton, TX 79364
Property 147
1255 S 10th St, Slaton, TX 79364
Property 148
1616 39th St, Lubbock, TX 79412
Property 149
2401 Colgate St, Lubbock, TX 79415
Property 150
3220 1st Pl, Lubbock, TX 79415