2707 24th Street

    Lubbock, TX 79410
    • $6,935,200
    • STATUS: Active
    • ON SITE: 415 days
    • MLS #: 201702434
    UPDATED: 43 min ago
    $6,935,200
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 109,743
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    305
    Type:
    Commercial
    County:
    Area:
    3

    School Ratings & Info

    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.

    Monthly Payment Calculator

    © 2018 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-05-26T08:58:57.567.
    www.mylbk.com/homes/71351836

    2707 24th Street Lubbock, TX 79410

    • Price: $6,935,200
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 201702434
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    109,743
    SQFT
    $63
    $/SQFT
    Neighborhood:
    305
    County:
    Lubbock
    Area:
    3
    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.
    Exterior Features

    Crops No Foundation Pier/BeamSlab Parking Spaces 0 Wells 0

    Interior Features

    Ceiling Height 0.0 Overhead Doors 0

    Property Features

    Commercial Type Package Properties Est Annual Taxes 0.00 Lot Size Source (Tax Notautopopulat) Minerals No Monthly Lease Rate 0.00 Occupied Yes Proposed Financing CashConventional Sale Or Lease Sale Security Deposit 0.00 Specific Use No Sq Ft Source Tax Notautopopulated Will Divide No

    Listing provided courtesy of Mark Oatman of Re/Max Lubbock. Listing information © 2018 Lubbock Association of REALTORS® MLS.
    © 2018 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-05-26T08:58:57.567.
     
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