Address
2707 24Th Street Lubbock, TX
Price
$ 6,935,200
Property Attributes
  • MLS#201702434
  • TypeCommercial
  • CountyLUBBOCK
  • CityLubbock
  • Area3
  • Neighborhood305
  • Zip79410
  • StylePackage Properties
  • Price$ 6,935,200
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage109743
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
RE/MAX Lubbock
Property Description

KO Properties has established a turn-key operation allowing for a smooth transition of ownership. 71 properties to include 111 units with 95% occupancy rate. Property management company rate established at 6% versus industry average of 10%. $77,000 monthly gross rental income. 8.5% CAP Rate. Portfolio price per square foot is $63 as compared to an average sold price per square foot of $89 for the 2016 Lubbock market. Seller will not divide package or sell individual properties.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/5/2017 Listed $6,935,200

General Features

County/Parish Lubbock
Crops No
Price Per Square Foot 63.19
Property SubType Package Properties
Property Type Commercial
Subdivision 305
Tax Annual Amount 0.00

Interior Features

Ceiling Height 0.0
Living Area 109743.00

Exterior Features

Security Deposit 0.00
Foundation Pier/Beam, Slab
Lot Size Acres 0.17
Lot Size Source (Tax NotAutoPopulat)
Lot Size Square Feet 7200.00
Price Per Acre 41955232.91

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 79410

Price
AVG $1.21M
$6.94M
Visits
AVG 12
23
Walkscore
AVG 64
72