Medical District Multi-Family Package
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Medical District Multi-Family Package
5 Residential Properties Offered at £902,071 in Lubbock, TX
Investment Highlights
- Close Proximity to Texas Tech University
- Convenient Access to Major Roadways and Local Amenities
- Abundant Designated Paved Parking
- Close Proximity to Medical Centers
- High-Quality Designer Finishes
- Fully Leased Units
Executive Summary
The Powell Group is pleased to present this multi-family investment package, located in the highly desirable Medical District, within blocks of Covenant Health System hospitals and medical offices, and 4 blocks from Texas Tech campus!
This package includes 5 adjacent duplexes, all fully rented and perfect for those seeking a quality turnkey investment. This is a unique chance to capitalize on strong rental demands around Texas Tech, as well as this recent build’s minimized maintenance needs and upkeep. Each spacious duplex is thoughtfully designed, offering high-grade finishes like granite countertops, tile backsplash, stainless steel appliances, decorative tile bathroom inlays, ceiling fans, abundant accent can lighting, crown molding, and more, lending to potential for future growth in income generation.
Four duplexes are 1 bed/1 bath and one duplex is 2 bed/2 bath. There are 21 off-street designated parking spaces, as well as a sprinkler system for sod and mature landscaping. Seller is currently seeking certificate of elevation to remove properties from the flood zone.
*Potential additional rental income opportunities could include adding covered parking, where permitted*.
This package includes 5 adjacent duplexes, all fully rented and perfect for those seeking a quality turnkey investment. This is a unique chance to capitalize on strong rental demands around Texas Tech, as well as this recent build’s minimized maintenance needs and upkeep. Each spacious duplex is thoughtfully designed, offering high-grade finishes like granite countertops, tile backsplash, stainless steel appliances, decorative tile bathroom inlays, ceiling fans, abundant accent can lighting, crown molding, and more, lending to potential for future growth in income generation.
Four duplexes are 1 bed/1 bath and one duplex is 2 bed/2 bath. There are 21 off-street designated parking spaces, as well as a sprinkler system for sod and mature landscaping. Seller is currently seeking certificate of elevation to remove properties from the flood zone.
*Potential additional rental income opportunities could include adding covered parking, where permitted*.
Property Facts
| Price | £902,071 | Status | Active |
| Price / SF | £198.91 / SF | Number of Properties | 5 |
| Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
| Net Initial Yield | 6.10% | Total Building Size | 4,535 SF |
| Sale Type | Investment | Total Land Area | 0.84 AC |
| Price | £902,071 |
| Price / SF | £198.91 / SF |
| Sale Conditions | Portfolio Sale |
| Net Initial Yield | 6.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 4,535 SF |
| Total Land Area | 0.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3713 22nd Pl, Lubbock, TX 79410 | Residential | 768 SF | 2016 | - |
| 3711 22nd Pl, Lubbock, TX 79410 | Residential | 768 SF | 2016 | - |
| 3719 22nd Pl, Lubbock, TX 79410 | Residential | 946 SF | 2018 | - |
| 3717 22nd Pl, Lubbock, TX 79410 | Residential | 946 SF | 2018 | - |
| 3715 22nd Pl, Lubbock, TX 79410 | Residential | 1,107 SF | 2017 | - |
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David Powell -
KW Lubbock
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Medical District Multi-Family Package
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