Ballenger
For sale
Price
Beds/baths
Home type
Ballenger, TX Homes for Sale
13 Unit (listings shows 8 as that's the MLS's max) updated apartment in Lubbock, TX. Close proximity to Texas Tech University. All units have been updated within the last two years with all new double paned windows, new heating and cooling systems, fresh paint, new led lighting, new low flow fixtures, and new appliances. This property has an on site laundry facility that is managed by a third party, it has a quiet courtyard and off street parking. When leasing we offer an allocated utilities option and and all bills paid option. All tenants take the all bills paid option.
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Calling all investors that are looking to add to their portfolio do not miss out on this one. This property meets the 1% rule. Tenants in place until January 2027. This home is a 3 Bedroom 1 bathroom. This home has new paint inside and out. New vinyl flooring and refinished wood flooring in the bedrooms. Don't let this home pass you by!
Great 2/1 home with updates throughout including refinished hardwood flooring, new paint, countertops, and a fully updated bathroom. This home sits on a large lot with a big, fenced backyard and plenty of extra storage as well. Schedule your showing today!
3 out of the 5 units are rented. Pro-forma cap rate at 100% occupancy is 8.25%.
Attention Investors: Instant Cash Flowing Duplex! Far surpasses the 1% rule Calling all investors and contractors! This 2 bedroom, 2 bathroom duplex is ready for its next owner! Located minutes from Texas Tech and quick access to the interstate. The best part is its already occupied for $1150 per month! Talk about CASH FLOW day 1! Key Features: Updated Electrical Updated Water Heater Off Street parking 2 car garage Private Backyards! Sold as-is, offering a blank canvas for your creative vision Perfect project for Investors or DIY enthusiasts Investor special with immense profit potential ($25,000 gross margins) Ideal for landlords looking to expand their portfolio. This