$6,935,200 2707 24th Street Lubbock, TX

MLS: 201702434   Type: Commercial   County: Lubbock   City: Lubbock   Area: 3   Neighborhood: 305   Zip: 79410   Style: Package Properties  

Mortgage $32,560 /mo



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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.

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Price History

4/5/2017 Listed $6,935,200

Age 0
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
Year Built 0

Interior Features

3/4 Baths 0
Ceiling Height 0.0
Floors 0
Living Area 109743.00

Exterior Features

Foundation Pier/Beam, Slab
Garage Spaces 0
Lot Size Acres 0.17
Lot Size Source (Tax NotAutoPopulat)
Lot Size Square Feet 7200.00
Number of Parking Spaces 0
Overhead Doors 0
Price Per Acre 41955232.91

Property Schools

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Property vs Zip Code Avg (79410)

Price 6.93M Avg 1.32M

Sqr Feet 109,743 Avg 19,179

Cost / Sqr Ft $63 Avg $69

Acres 0.17 Avg 578.63

Visits 24 Avg 12

Days on Site 386 Avg 241

Walkscore® 72 Avg 64

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Listing Provided Courtesy Of: RE/MAX Lubbock

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Location & Address

eXp Realty Lubbock Texas

Dallas, TX