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Southern Cross

Market Price

1510 S 9th St, Slaton, TX 79364

Active
Last Updated: 11/26/2024

14,381 sqft

Building Size

2.6267 acres

Lot Area

Details:
Building Size:    14,381 sqft
Lot Area:    2.6267 acres
Class:    C
Units:    28
Year Built:    1970
Highlights:
  • Rents are $118 under market on 1br and $156 under on 2br
  • Maximize NOI by continuing to recoup utility costs
  • Asking price less than $36k/unit
Description:

Southern Cross is a one-story property has 15-1 bedroom units and 13-2 bedroom units. The property has pitched metal roofs, washer/dryer connections in each unit, covered front porches, and provides residents with affordable housing options within close proximity to Lubbock. Rents are over $100 under market compared to the other market rate complex in town.

Southern Cross is a 28 unit property located in Slaton TX, about 20 minutes southwest of Lubbock on US Hwy 84. Slaton's population is apx. 6,000 people. Lubbock county's population is apx. 317,000.

Map:
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