14401 Avenue P - Mobile home Park
Market Price
14401 Avenue P, Lubbock, TX 79423
For Sale
Multifamily
Mobile Home RV Community
Active
Last Updated: 02/10/2025
14.97
Cap Rate
67,367
NOI
Details:
Cap Rate: 14.97%
NOI: $67,367
Building Size: 6,928 sqft
Lot Area: 1.83 acres
Units: 6
Highlights:
- Less than one mile from Loop 88 & less than half a mile from Highway 87
- Remodeled Units with room for rental increases
- Located across from new residential development in a high growth area
Description:
Introducing an exceptional investment opportunity in South Lubbock. This mobile home park, located less than a mile from the new Loop 88, offers 6 rental units on 1.83 acres of land. Recent remodels on 4 units enhance the property's appeal. Positioned across from a new residential development and in the sought-after Lubbock Cooper School District, this property is a prime income investment. With leases set for income growth through renewals, this is an ideal opportunity for investors seeking a lucrative investment opportunity in the thriving South Lubbock area.
Located at 144th Street & Avenue P
Documents:
| Title | ||
|---|---|---|
| 14401_Ave_P_Offering_Memorandum.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
