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302 East Purdue Street
Lubbock, TX 79403
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
72 Units | Seller Financing Available | Infill Opportunity <p><strong>Infill Opportunity</strong> - With 54 vacant lots there is upside in filling and stabilizing</p><p><strong>Below-Market Rent</strong> - Upside opportunity to increase rents and further grow revenue</p><p><strong>City Utilities</strong> - In place city water and sewer billed back to tenants, opportunity to recapture 100%+</p><p><strong>Front Office </strong>- 1 office building in the park that is unused and can be converted to single family home for additional income</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
