Newly Built Duplex with Private
2010 Corpus Ave Wolfforth, TX 79382
New
2010 Corpus Ave, Wolfforth, TX, 79382
$365,000
For Sale
$365,000
Newly built duplex in Frenship ISD offering two units with 3 bedrooms, 2 bathrooms, and private yards.
Property Size2,720 SF
Price / SF$134.19
Days on Market2
Property Features for 2010 Corpus Ave
General Information
- Standard status
- Active
- Size
- 2,720 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2023
Listing agency
AMRR Realty
(806) 577-7228
Listed by
Jennifer Busbea · License #0614398
Source
Raftercrossrealty
Added: Jul 21 Updated: Jul 22 at 11:10AM Checked: Jul 22 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMRR Realty
Investment Insights
Based on property information with market context.
This newly built duplex features two residential income units, each designed with 3 bedrooms and 2 bathrooms. The layout includes an open floorplan, along with a garage and private yard space for each unit. The property is presented as a modern, turnkey rental configuration within the Frenship ISD school district.
The duplex is located at 2010 Corpus Ave in Wolfforth, Texas (Lubbock County). For buyers evaluating a residential income asset in the area, the unit mix and consistent in-place design provide a straightforward foundation for management and leasing.
Each unit offers the same core improvements: open floorplan living space, garage parking, and private yard areas, with three-bedroom and two-bath accommodations throughout.
The duplex is located at 2010 Corpus Ave in Wolfforth, Texas (Lubbock County). For buyers evaluating a residential income asset in the area, the unit mix and consistent in-place design provide a straightforward foundation for management and leasing.
Each unit offers the same core improvements: open floorplan living space, garage parking, and private yard areas, with three-bedroom and two-bath accommodations throughout.
Key Highlights
- Newly built duplex (2023) in Frenship ISD with two units
- Each unit offers 3 bedrooms and 2 bathrooms
- Each unit includes a garage and an open floor plan
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $35.1k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.6k | $9.03 |
2,720 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.7K
NOI $22,059 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly built duplex in Frenship ISD offering two units with 3 bedrooms, 2 bathrooms, and private yards.
Where is this duplex located?
The property is located at 2010 Corpus Ave Wolfforth, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Newly built duplex (2023) in Frenship ISD with two units; Each unit offers 3 bedrooms and 2 bathrooms; Each unit includes a garage and an open floor plan
