918 Wheelock St Lubbock, TX 79403
This exceptional investment opportunity presents a package of four single-family homes located in Lubbock, Texas, specifically within the Cypress Grove neighborhood. Each of the four homes boasts three bedrooms, two bathrooms, and a two-car garage, totaling 5,462 square feet of living space. Constructed between 2012 and 2014, these properties offer a blend of newer construction and established rental history. Currently operating at 75% occupancy, this portfolio presents a solid foundation for immediate income generation. The homes are situated conveniently close to Texas Tech University, major medical facilities, and significant commercial development in Northeast Lubbock, ensuring strong tenant demand and potential for future appreciation. The asking price is $675,000, translating to a price per square foot of $123.58. The properties are individually located at 918, 912, 1226, and 1228 Wheelock Street, Lubbock, TX 79403, within Lubbock County. This package offers a compelling opportunity for investors seeking a diversified, income-producing portfolio in a thriving Texas market. The owner-managed history ensures a clear understanding of operational efficiency and rental management practices. The strong rental history, coupled with the potential for rent increases, further enhances the investment appeal. This is a turnkey investment ready for immediate returns.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.