3 out of 5 of the units are rented, Pro-Forma cap rate is based on 100% occupancy.
3 out of the 5 units are rented. Pro-forma cap rate at 100% occupancy is 8.25%.
Package of 4 properties for sale, 3 out of the 4 are currently leased.
Charming Duplex in Lubbock, Texas - Perfect Investment Opportunity! This well-maintained duplex, offers the perfect combination of comfort and functionality. A- 2-1.5-1 B- 2-1.5-1, providing plenty of space for families, roommates, or tenants seeking a comfortable living arrangement. The inviting living rooms in both units are highlighted by cozy fireplaces, creating the perfect ambiance for relaxing evenings or gatherings. Each unit also boasts its own attached single-car garage, providing convenience and security for parking and additional storage. Located in a desirable neighborhood, this property is close to schools, shopping, dining, and entertainment options, making it an attractive choice for both homeowners and renters alike. Whether you're looking for a home with rental income potential, an investment property, or a multi-generational living setup, this duplex is a rare find!
1% RULE ALERT!! Check out this updated duplex near Tech, shopping, schools, food, and so much more! This Duplex has 3 bedrooms and 1 bathroom on each side with a covered carport on each side as well. With one side currently vacant there is opportunity to live in one side while the other pays rent or lease both sides and cashflow! Side B pays $1050 per month while side A previously did as well making this a great 1% rule property. Dont miss out on your chance to add to your rental portfolio, contact your favorite realtor for a showing today!
One story duplex! 6/4/4 conveniently located to shopping, the medical district and Texas Tech University. Perfect for grad students, singles, or retirees! Nice and clean - feels like new! Each side of the duplex is very roomy and each side has 3/2/2! Side B is leased on a month to month and Side A is Vacant as of October 11th, 2024
New Construction! 7120 22nd Street. New duplexes located in NW Lubbock and within the Frenship School District. Interior and exterior design and construction by Clearview Custom Homes. They are nice! Each side offers 3 bedrooms and 2 bathrooms. Finish out includes granite countertops, window treatments, ceiling fans, vinyl plank flooring, designer tile, and more. The home offers an open concept with designer colors....light and bright. Artificial turf in the fenced backyard. 17 Available. $441,800 each or $7,510,600 for the package. 100% Occupancy @ $1600 per side. 8% Cap Rate

Lubbock is located in Texas. Lubbock, Texas has a population of 255,537. Lubbock is less family-centric than the surrounding county with 30.72% of the households containing married families with children. The county average for households married with children is 31.73%.
The median household income in Lubbock, Texas is $54,060. The median household income for the surrounding county is $56,529 compared to the national median of $69,021. The median age of people living in Lubbock is 29.8 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 20.1 inches per year, with 7.1 inches of snow per year.