918 Wheelock St Lubbock, TX 79403
- Commercial real estate
- 5,462 SF
Current Use by Public Records
- Commercial real estate
Property Details for 918 Wheelock St
- Property size
- 5,462 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.8462513
- Latitude
- 33.6238931
