9702 Avenue U, Lubbock, TX 79423
Exceptional investment opportunity awaits in South Lubbock's burgeoning market. This stabilized multifamily property comprises three duplex buildings, totaling six units, each boasting a spacious three-bedroom, two-bathroom floor plan complete with a one-car garage. Built in 2002, the property features a total of 7,587 square feet on a 7,685 square foot lot. Currently enjoying 100% occupancy, this Class B property offers a compelling price per unit of $149,166.67 and a price per square foot of $117.96. The asking price for this turnkey investment is $895,000. Strategically located near I-27, this property benefits from convenient access to the upcoming Leprino Foods Cheese Factory, providing strong potential for rental demand driven by new employment opportunities in the area. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a rapidly growing section of Lubbock, Texas. The one-story buildings offer ease of maintenance and management, making this an attractive option for both seasoned and new investors seeking a stable and potentially high-return investment. Don't miss this chance to capitalize on the growth of South Lubbock.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.