9 PROPERTY PORTFOLIO (121 Doors) - LUBBOCK, TX. - $11MM + cc & fee​​
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No seller financing - No assumable loan
Seller may consider selling separate but prefers to sell as complete package.
Off-Market 9-Property, 121-Unit Multifamily Portfolio
Purchase Price: $11,000,000
NOI: $829,690
Cap Rate: ~7.54%
This portfolio offers both stabilized and value-add components across various occupancy levels and property conditions (turn-key, light make-ready, and construction-needed).l
Portfolio Highlights
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.
Upside Potential: Current rents across several properties leave room for rental growth through strategic renovations and improved property management.
Economies of Scale: Acquire 121 units in one transaction, streamlining management and operations.
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Featured Properties
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Property 1
1316 & 1314 65th Dr.
9 units | Partially Occupied | Light Make Ready Needed
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Property 2
1902 Kewanee & 6302 20th St.
17 units | Partially Occupied | Light Make Ready Needed
Property 3
1906 Dixie Dr.
6 units | Vacant | Construction Needed
Property 4
2101 51st St.
12 units | Partially Occupied | Construction Needed
Property 5 (3 Units)
3214-3220 CR 5825
7 units | Partially Occupied | Turn-Key
Property 6
5005 Ave W
12 units | Partially Occupied | Turn-Key
Property 7
5708-5720 Brownfield Dr.
28 units | Partially Occupied | Light Make Ready Needed
Property 8
1717 48th St.
30 units | Fully Occupied | Turn-Key
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