• Restricted Address Lubbock, TX 79403

  • 12,000 SqFt
  • Multi-family (2-4 units) / Owner Financing

Property Details for null St, Lubbock, TX 79403




This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

12 New Construction Duplexes with Experienced Property Manager in PlaceNearly 100% leased 7CAP, $168,000 Net Cash FlowSeller Financing Terms, 25% Down, 6% Fixed for 10yr Balloon 30yr Amortization (9.3% Cash on Cash Return)Complete Cost Segregation Report Included with est $99,000 accelerated tax benefitPro Forma:Gross Monthly Rent: $21,000Tax: $1,700Insurance: $1,200Management: $630 (5%)Maitenance: $630 (5%)

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