Last 24 Hours
$1,990,000
3011 E 3rd St, Lubbock, TX, 79403
On Market
88 Beds
2 Bath
34,091 Sq Ft
Package Property
$58.37 / sqft
Built in 1952Property Lead Type:
Must-SellAbsentee OwnerHigh EquityVacant Homes
About this property
Package property of 31 units. 88 total bedrooms and 40 bathrooms. Total square footage of 34,091. Potential rent $23,650 and currently the rents are $22,700. Most of these tenants have been in place for years and are on a month to month lease. We can also split these up into smaller packages.
Investor Tools
$0Estimated Mortgage Balance
$84,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,940 /month
Positive
Cash Flow Estimate:
$3,980 /month
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Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%
12.4%