Very nice duplex in Northwest Lubbock. Zoned for multifamily-you can have more than 2 unrelated roommates in this area. Great for students and people wanting their own bathroom. These units are 3 bed/3 bath/2 car garage. This property brings in $2,100 gross rent per month and is currently 50% occupied. It sits on a cul-de-sac lot. At 30% expenses, this would indicate a 9.5% Cap rate. Good ROI in great area! Great family-friendly residential area, safe neighborhood, and next to a beautiful park. Easy access to Texas Tech; no need to drive down an alley, you will have the first garage on the right (or north) side of Colgate Street. Great investment. Owner/Landlord currently charges renters $1,050 per month for each unit, in addition to a $300 deposit. All appliances are in working condition and have been and include: washer and dryer hookups, two refrigerators, two ranges, two dish washers, recent maintenance performed on roof and one A/C unit replaced. In addition, continuous updates have been performed to ensure optimal performance and efficiency. All appliances are in working condition Periodical updates have been performed to ensure optimal performance and efficiency on both duplex units. Recent maintenance performed on roof and one A/C unit has recently been replaced. Facebook Marketplace Link: https://www.facebook.com/marketplace/item/475222346404647/
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