Southern Cross
Market Price
1510 S 9th St, Slaton, TX 79364
For Sale
Multifamily
Garden Low Rise
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.
Location
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