Lubbock County, Lubbock, TX 79403
6 bd4 ba1,660 sfBuilt 1955
Gross spread$170,000
Description
LUBBOCK, TX — 3-PROPERTY PORTFOLIO | 6 UNITS Three Duplexes | Creative Financing Sub-To | Rental Income Opportunity PROPERTY DETAILS 2715 E 2nd St, Lubbock, TX 79403 6 Beds | 4 Baths | 1,660 Sq Ft Built in 1955 | 7,949 Sq Ft Lot 1728 E Dartmouth St, Lubbock, TX 79403 4 Beds | 2 Baths | 2,643 Sq Ft Multifamily | Built in 1966 1730 E Dartmouth St, Lubbock, TX 79403 4 Beds | 2 Baths | 2,643 Sq Ft Multifamily | Built in 1966 DEAL HIGHLIGHTS Purchase Price: $430,000 Assignment Fee: $30,000 Existing Financing: ~$400,000 at 6.575% Estimated Buyer Entry: ~$68,600 Total Units: 6 Projected Gross Rent: ~$6,000/Month Stabilized Cash Flow: ~$870/Month Projected Cash-on-Cash Return: ~15.2% Creative Sub-To Trust Structure — Existing financing remains in place, subject to lender rights and transaction terms. PROPERTY PICTURES COMING SOON! Important: Existing loan maturity reportedly falls around 2029. An extension to 2032 or later is being pursued but is not yet approved. Buyer to verify all figures, loan documents, and terms. Call or Text Mike: [contact details hidden]
$/sqft vs market
Median of 7 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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