Single Family Rental Portfolio Investment Opportunity
416 40th St., Lubbock, TX 79404
3223 Amherst St., Lubbock, TX 79415
705 E. Fordham, Lubbock, TX 79415
3306 E. Cornell, Lubbock, TX 79415
3411 E 18th St., Lubbock, TX 79403
DUPLEXES
2420 E 10th St., Lubbock, TX 79403
1511 52nd St., Lubbock, TX 79412
Acquisition Price:
$784,000
10 Unit Rental Portfolio
Great opportunity to invest in the great State Of Texas. This portfolio consists of 6 single family homes and and 2 Duplexes. All units are 100% occupied.
Total Rent Income: $6,200 a month - $74,400 a year
After Rent Raises: $6,480 a month
Total Portfolio Price: $735,800
2022 Rent Increases:
705 E Fordham from 475 to 525
2420 E 10th (a duplex) to 595/side
3223 Amherst from 850 to 895
416 40th raise from 675 to 695
1511 52nd Street we are holding off but can raise to 750 on the front and 350 on the back.
Portfolio Photos / Rent Roll:
Property Addresses & Individual Pricing:
416 40th St Lubbock TX, 738 sqft/ 2 bed 1 bath - 88.4k
3223 Amherst St Lubbock TX, 1113 sqft/ 3 bed 1 bath - 104k
705 East Fordham Lubbock TX, 1108 sqft/ 2 bed 1 bath - 66.4k
2005 E 6th St Lubbock TX, 1044 sqft/ 2 bed 1 bath - 85.4k
3306 East Cornell Lubbock TX, 1168 sqft/ 3 bed 1 bath - 93.4k
3411 East 18th St Lubbock TX, 936 sqft/ 3 bed 1 bath- 95.4k
DUPLEX
2420 East 10th St Lubbock TX, 1200 sqft - 147.4k (Unit A) 1 bed / 1 bath - (Unit B) 1 bed / 1 bath
1511 52nd St Lubbock TX, 1400 sqft - 135.4k (Unit A) 2 bed / 1 bath (Unit B) 1 bed / 1 bath
For more information and to submit your offer, please email us at sarter@promiselandrealtyllc.com Offer Deadline 3/18/22 at midnight.
"Brick by Brick"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*
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