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    OFF-MARKET
    Small apartment buildings

    9702 Avenue U, Lubbock, TX 79423

    7,587 SF Built 2002
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 2002
    Total area 7,587 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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