For Sale
$675,000

918 Wheelock St Lubbock, TX 79403

Four single-family homes, strong rental history.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a package of four single-family homes located in Lubbock, Texas, specifically within the Cypress Grove neighborhood. Each of the four homes boasts three bedrooms, two bathrooms, and a two-car garage, totaling 5,462 square feet of living space. Constructed between 2012 and 2014, these properties offer a blend of newer construction and established rental history. Currently operating at 75% occupancy, this portfolio presents a solid foundation for immediate income generation. The homes are situated conveniently close to Texas Tech University, major medical facilities, and significant commercial development in Northeast Lubbock, ensuring strong tenant demand and potential for future appreciation. The asking price is $675,000, translating to a price per square foot of $123.58. The properties are individually located at 918, 912, 1226, and 1228 Wheelock Street, Lubbock, TX 79403, within Lubbock County. This package offers a compelling opportunity for investors seeking a diversified, income-producing portfolio in a thriving Texas market. The owner-managed history ensures a clear understanding of operational efficiency and rental management practices. The strong rental history, coupled with the potential for rent increases, further enhances the investment appeal. This is a turnkey investment ready for immediate returns.

Highlights

  • Four single-family homes in Lubbock, TX's Cypress Grove neighborhood.
  • Each home features 3 bedrooms, 2 baths, and a 2-car garage, totaling 5,462 sq ft of living space.
  • Built between 2012 and 2014, offering a blend of new construction and established rental history.
  • Currently 75% occupied, providing immediate income generation.
  • Excellent location near Texas Tech University, medical facilities, and commercial areas, ensuring high tenant demand.
  • Asking price: $675,000 ($123.58/sq ft). Located at 918, 912, 1226, and 1228 Wheelock Street, Lubbock, TX 79403.

Property Details for 918 Wheelock St

Property type
Specialty properties
Square Feet
5,462 SF
Buildings
4

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.6238931
Longitude
-101.8462513

FAQs

What type of property is this?
Specialty property - Four single-family homes, strong rental history.
Where is the specialty property located?
The property is located at 918 Wheelock St Lubbock, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four single-family homes in Lubbock, TX's Cypress Grove neighborhood.; Each home features 3 bedrooms, 2 baths, and a 2-car garage, totaling 5,462 sq ft of living space.; Built between 2012 and 2014, offering a blend of new construction and established rental history.
How can I contact the broker?
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918 Wheelock St
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