Exclusive 150-Property (175 doors) Single-Family, Class C Rental Portfolio in Lubbock, TX

92%+ occupied. Stabilized (less than 1 eviction per month). Value add – 20% below market rents. Management team in place. Owner Financing!!!

Featured Properties

Investment Highlights

Portfolio Size:

150 Single-Family Homes (175 doors)

Occupancy Rate:

92%+

Price:

$13,500,000

CAP rate:

7.3%

NOI:

$986,980

Property Condition:

95% have been updated in past 5 years.

Location:

Lubbock, TX

Investment type:

Single Family Rental Portfolio for sale

Key Investment Features

STABILIZED – 92% occupancy. 95% updated in the past 5 years, less than 1 eviction per month on avg
TURNKEY – Lean, mean management team in place and will transfer with sale. Every aspect of this business is systematized and automated w/ SOP’s: 1) Leasing, 2) Collections, 3) Maintenance/Make Ready’s, 4) Bookkeeping.
CLASS C – High demand, working class neighborhoods: 79403, 79404, 79411, 79412, 79415
CONSISTENTLY performing portfolio with stable cash flow that masquerades as a class B.
Strong rental demand and infrastructure growth.
VALUE ADD – Rents are currently 20% below market FMR.

Contact Me Today

Robert Bleisch

Owner

175doors@gmail.com

(806) 221-2190

Ready to Invest?

Don’t miss this rare investment opportunity. Contact us today for financials, rent rolls, and property details!