6139 39Th St, Lubbock, TX 79407
- Single family properties
- 3,729 SF
Current Use by Public Records
- Single family properties
Property Details for 6139 39Th St
- Year built
- 1997
- Property type
- Single family properties
Description
For sale 3 single family residence portfolio located in west Lubbock. We are thrilled to present a new investment opportunity in West Lubbock. These houses are all 3/2/2, have full kitchens, an isolated master bathroom, remote controlled garages, and very large backyards. As of today, 3 of the 3 units are occupied and cash-flowing, offering a Buyer immediate cash flow with no vacancy. The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through simple cosmetic upgrades that can lift rents. In the alternative, the portfolio, in its current condition, provides above-market returns. The portfolio is professionally managed by the owner. All tenants must earn a minimum of 3x the rent and must never have been evicted before. Most contracts are auto-renewing annual contracts. Asking Price: $479,000 Est. 2024 NOI: $40,104; Pro-Forma NOI: $44,128 Actual CAP Rate: 8.5% SELLER WILL LOOK AT ALL OFFERS Email us at [email protected] or call at 806-438-9116
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.95126
- Latitude
- 33.558548
