15
See all 15 photos
$1,799,000
Est. payment /mo
88 Beds
38 Baths
37,028 SqFt
Active
33 Property Package, Cash-Flowing Tulia, TX 79088
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Key Details
Property Type Single Family Home
Sub Type Package Property
Listing Status Active
Purchase Type For Sale
Square Footage 37,028 sqft
Price per Sqft $48
MLS Listing ID 202600592
Bedrooms 88
Full Baths 37
Half Baths 2
HOA Y/N No
Year Built 1970
Annual Tax Amount $33,600
Lot Size 8,800 Sqft
Acres 0.2
Property Sub-Type Package Property
Source Lubbock Association of REALTORS®
Property Description
CASH-FLOWING INVESTOR OPPORTUNITY - 33-PROPERTY PACKAGE! MEETS THE 1% RULE! Established income-producing package consisting of 32 single-family homes + 1 commercial office/shop. 30 located in Tulia, 2 in Plainview, 1 in Lubbock. Strong rental demand with numerous long-term tenants in place. The vast majority of the package is tenant-occupied or currently being marketed for rent, with only 2 of the 33 properties needing full renovation. The Lubbock property is already undergoing a full renovation. Additional value-add potential through lease-up and future rent increases. Multiple properties have documented improvements including roofs, sewer lines, water heaters and HVAC updates. Many properties are HUD eligible, and Tulia has two HUD programs available. Entire package or smaller packages may be considered. Detailed rent roll available upon execution of a Confidentiality Agreement. Have an investor looking for a cash-flowing rental package? Send them this opportunity!
Location
State TX
County Swisher
Area Other
Direction Tulia, Plainview, Lubbock
Rooms
Basement Basement
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Building
New Construction No
Schools
Elementary Schools Tulia
Middle Schools Tulia
High Schools Tulia
Others
Tax ID 19555
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Real Estate Just For You, LLC