228 Units in Lubbock, TX / 91% Occupancy/ 6 Cap

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228 Units in Lubbock, TX / 91% Occupancy/ 6 Cap

Real Estate Coach · Los Angeles · Member since 2023 · 171 posts · 21 votes

Landing complex in Lubbock, TX. Value-add. Refinance is done and loan is completely assumable.
Currently is at 6 Cap.
91% Occupancy
December 2022 NOI: $68.133,89

The landing terms:
10 year fixed
5 year I/O
30 year am
Assumable
10 million

$15 million - 16 million asking price

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