806-777-4459
1500 S 9th St, Slaton, TX for Sale
Apartments - FOR SALE
1/25
null | 7.4% Cap Rate

1500 S 9th St
Slaton, TX 79364


HIGHLIGHTS

  • Rents are $118 under market on 1br and $156 under on 2br
  • Maximize NOI by continuing to recoup utility costs
  • Asking price less than $36k/unit

OVERVIEW

Southern Cross is a one-story property has 15-1 bedroom units and 13-2 bedroom units. The property has pitched metal roofs, washer/dryer connections in each unit, covered front porches, and provides residents with affordable housing options within close proximity to Lubbock. Rents are over $100 under market compared to the other market rate complex in town.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

28

CAP RATE

7.4%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Cross

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

-

APN/PARCEL ID

R101062

ASK ABOUT THIS PROPERTY

Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.