Available
$430,000(ARV: $600,000)72% of ARV

Lubbock County, Lubbock, TX 79403

6 bd4 ba1,660 sfBuilt 1955

22 days ago

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

This deal$259/sqft
Market median$106/sqft
Difference+144% above

Median of 7 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms6
Bathrooms4
Square feet1,660
Lot size7,949 sf
Year built1955
ConditionLight Rehab
OccupancyVacant
ParkingAttached Garage

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 6-10 yrs
Air conditioningCentral AC
FoundationSlab
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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