Collect $2,400/month OR MORE on this Residential 4-plex (2 Duplexes) In Lubbock TX
Perfect Starter Property
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
For a price of Single Family Home, you can have 4 income-producing units!
PRICED TO MOVE QUICKLY: $139,900
This multifamily property offers multiple money-generating strategies:
• Current Occupancy: 100%
• $16,286 estimated annual NOI
• Cash on Cash Return on Actuals: 30%
• Tenants pay for all utilities
• Perfect Residential Multifamily deal
• Excellent Property Management is available
• Value play: Rent Increase!
• Great Residential Neighborhood
• Just 8 min drive from Texas Tech University
• Construction: Concrete Slab, Wood Frame, Brick Exterior
This is an off-market deal.