175-Unit Residential Portfolio For Sale! | 1609 29th St
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175-Unit Residential Portfolio For Sale! 1609 29th St Immeuble residentiel 175 lots 10 302 360 € (58 871 €/Lot) Taux de capitalisation 9 % Lubbock, TX 79411
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 150 PROPERTIES - 175 RENTAL UNITS - TURN KEY PASSIVE INCOME
- 92% OCCUPANCY - GREAT UPSIDE
- PURCHASE LLC OR STRAIGHT SALE
- MANAGEMENT INCLUDED
RÉSUMÉ ANALYTIQUE
Location: Multiple locations in Lubbock, Odessa, Levelland & Slaton (Lubbock, Ector County & Hockley Counties)
This is an opportunity to purchase 175 rental units. The majority are SFR, with some duplexes, triplexes and quadraplexes. Tenant-base is comprised of long-term, good-standing tenants who pay on time. Many of the rents are averaging 20% below market offering significant upside on top of a great income at purchase.
Most of the units are all in good to great condition and in need of no extensive repairs, with only three units not yet rent ready.
This offering includes:
• 175 rental Units Total
• 150 Separate Properties
• 133 Properties located in Lubbock County, 7 located in Odessa, 7 Slaton & 3 Levelland
• 92% Occupancy-Long Term Tenants
• $1,641,132 Gross Revenue (2024)
• $627,362 Expenses (Includes Management)
• $1,014,559 NOI (2024)
This is a turn-key opportunity offering a great stream of passive income.
Asking Price: $12M OBO
LLC Purchase Plus Seller Financing: Owners will consider selling the LLC, that includes all the properties plus the current debt of approximately $5.5M. In addition, sellers will offer Seller Financing on the $3M balance to a qualified purchaser. Rate and terms are TBD but may include:
• $4M- $5M Down Payment/Entity Purchase)
• 2%-5% Interest Rate (2% Year-1-2, 3% Year-3-4, 4% Year-5, 5% Year-6-15)
• Interest Only Or
• Installment Option
• 5-15 Year balloon
Management: At the request of the new owner, current property management will continue to manage this portfolio under an agreed upon contract. Management is extremely proficient and will be able to maintain the current business as well as increase annual revenue.
Note: Management fees are already included in the expenses.
This is an opportunity to purchase 175 rental units. The majority are SFR, with some duplexes, triplexes and quadraplexes. Tenant-base is comprised of long-term, good-standing tenants who pay on time. Many of the rents are averaging 20% below market offering significant upside on top of a great income at purchase.
Most of the units are all in good to great condition and in need of no extensive repairs, with only three units not yet rent ready.
This offering includes:
• 175 rental Units Total
• 150 Separate Properties
• 133 Properties located in Lubbock County, 7 located in Odessa, 7 Slaton & 3 Levelland
• 92% Occupancy-Long Term Tenants
• $1,641,132 Gross Revenue (2024)
• $627,362 Expenses (Includes Management)
• $1,014,559 NOI (2024)
This is a turn-key opportunity offering a great stream of passive income.
Asking Price: $12M OBO
LLC Purchase Plus Seller Financing: Owners will consider selling the LLC, that includes all the properties plus the current debt of approximately $5.5M. In addition, sellers will offer Seller Financing on the $3M balance to a qualified purchaser. Rate and terms are TBD but may include:
• $4M- $5M Down Payment/Entity Purchase)
• 2%-5% Interest Rate (2% Year-1-2, 3% Year-3-4, 4% Year-5, 5% Year-6-15)
• Interest Only Or
• Installment Option
• 5-15 Year balloon
Management: At the request of the new owner, current property management will continue to manage this portfolio under an agreed upon contract. Management is extremely proficient and will be able to maintain the current business as well as increase annual revenue.
Note: Management fees are already included in the expenses.
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à |
ANNUEL | ANNUEL PAR m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Frais d’exploitation |
-
|
-
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Frais d’exploitation | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
INFORMATIONS SUR L’IMMEUBLE
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Cuisine
- Réfrigérateur
- Four
- Baignoire/Douche
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Recyclage
- Collecte d’ordures – Sur rue
- Détecteur de fumée
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 1 | - | - |
1 of 1
1 de 2
VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
1 of 1
Présenté par
175-Unit Residential Portfolio For Sale! | 1609 29th St
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