9-Home SFR Portfolio | 9.24% Cap Multi-Family FOR SALE


Lubbock, TX - Heart Of Lubbock
$1,399,000 USD
858-210-8282
, Lubbock, TX for Sale
$1,399,000 USD
Multi-Family - FOR SALE
1/9
null | 9.91% Cap Rate

9-Home SFR Portfolio | 9.24% Cap
Lubbock, TX
Heart Of Lubbock


HIGHLIGHTS

  • 100% Leased Cash Flowing - Make money day 1!
  • Nearly 10% cap rate (9.9%)
  • $15,800/month gross income
  • $15,800/month gross income
  • 9 single-family homes in one portfolio
  • Strong rental demand market (Texas Tech area)

OVERVIEW

9-Home SFR Portfolio | 9.91% Cap | 100% Occupied | $138K Net Income | Lubbock, TX Investment Highlights • 9 Single-Family Homes • 100% Leased – Stabilized Asset • Annual Gross Income: $189,600 • Annual Net Income: $138,656 • 8.4% Cap Rate • Total Living Area: 15,385 SF • Asking Price: $1,399,000 • Strong Rental History • Value-Add Rent Growth Potential Investment Overview Rare opportunity to acquire a fully leased portfolio of nine single-family rental homes located in strong residential rental pockets of Lubbock, Texas. This stabilized portfolio generates $15,800 per month in gross rental income with an annual net operating income of $138,656, offering an attractive 8.4% cap rate at the asking price. All homes are currently occupied, providing immediate cash flow from day one. The properties range from approximately 1,000 SF to over 2,500 SF, appealing to families, students, and workforce tenants. Several units present potential for rental increases, creating additional upside for investors seeking yield growth. The portfolio is being offered as a package sale. Property Summary Property 1 – 1,824 SF – $1,400/mo Property 2 – 2,099 SF – $3,350/mo Property 3 – 1,856 SF – $2,400/mo Property 4 – 1,004 SF – $1,000/mo Property 5 – 2,560 SF – $1,900/mo Property 6 – 1,761 SF – $1,850/mo Property 7 – 1,921 SF – $1,650/mo Property 8 – 1,084 SF – $1,050/mo Property 9 – 1,276 SF – $1,200/mo Total SF: 15,385 Market Overview – Lubbock, Texas Lubbock is one of West Texas’ most stable rental markets, home to Texas Tech University and a major regional healthcare hub. The city has a population of approximately 260,000 residents and continues to experience steady rental demand driven by: • University enrollment • Medical employment sector • Workforce housing demand • Affordable cost of living Lubbock remains attractive to investors due to strong rent-to-price ratios, consistent occupancy levels, and long-term population stability. Ideal Buyer Profile • 1031 Exchange Investors • Out-of-State Passive Investors • Portfolio Expansion Buyers • Cash Flow Focused Buyers • Private Equity Groups Seeking SFR Assets Confidential financials and rent roll available upon request with executed Confidentiality Agreement. For additional information, please contact the listing broker directly.

ASK ABOUT THIS PROPERTY

Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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