Description
Rare opportunity with 8% cap rate for 8 duplexes/16 doors. NOI of 102k and can provide a cash flow statement of the last 12 months. An opportunity to grab 8 affordable duplexes and gain passive income of 100k a year. These rents average $895 per door. Strengthen your portfolio with properties that have historically rented very quickly being close to Covenant Hospital, Texas Tech University and McCool Academy which is a middle school specialized in arts and science.
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32BEDS
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0.22ACRES
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16BATHS
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01/2 BATHS
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2,048SQFT
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$610$/SQFT
School Information
Description
Rare opportunity with 8% cap rate for 8 duplexes/16 doors. NOI of 102k and can provide a cash flow statement of the last 12 months. An opportunity to grab 8 affordable duplexes and gain passive income of 100k a year. These rents average $895 per door. Strengthen your portfolio with properties that have historically rented very quickly being close to Covenant Hospital, Texas Tech University and McCool Academy which is a middle school specialized in arts and science.
© 2026 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: 2026-03-06T23:58:44.043.