$430,000 · LUBBOCK, TX 79403
Works for flippers

Available

$430,000Asking price

6 bd · 4 ba · 1,660 sq ft · built 1955

LUBBOCK, TX 79403

No contract on file

via InvestorLift Classic

1 view · listed Oct 9

Works for flippers

The Numbers

Sells for (ARV)From the listing: $600,000
Asking price: −$430,000
RepairsMiddle of the seller’s $5,000 – $10,000. Ours: $21,000 – $43,500: −$7,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$44,905
Profit19.6% of ARV · flippers want 10%+: $117,595
Works

Works for a flipper up to $484,000.

ALLIED ADVANTAGE PROPERTY GROUP LLC

Mauricio Roque

No reviews yet

Comps

ARV $600,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $110,000.

The sales behind this value are shown to members.

ARV $600,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ALLIED ADVANTAGE PROPERTY GROUP LLC

Mauricio Roque

No reviews yet

Seller Description

LUBBOCK, TX — 3-PROPERTY PORTFOLIO | 6 UNITSPROPERTY PICTURES COMING SOON!

Three Duplexes | Creative Financing Sub-To | Rental Income Opportunity

PROPERTY DETAILS

2715 E 2nd St, Lubbock, TX 79403
6 Beds | 4 Baths | 1,660 Sq Ft
Built in 1955 | 7,949 Sq Ft Lot
Both units currently occupied
1728 E Dartmouth St, Lubbock, TX 79403
- 4 Beds | 2 Baths | 2,643 Sq Ft
- Multifamily | Built in 1966
1730 E Dartmouth St, Lubbock, TX 79403
- 4 Beds | 2 Baths | 2,643 Sq Ft
- Multifamily | Built in 1966

DEAL HIGHLIGHTS

Purchase Price: $430,000
Assignment Fee: $30,000
Existing Financing: ~$400,000 at 6.575%
Estimated Buyer Entry: ~$68,600
Total Units: 6
Projected Gross Rent: ~$6,000/Month
Stabilized Cash Flow: ~$870/Month

Projected Cash-on-Cash Return: ~15.2%

SELLER-COMMITTED IMPROVEMENTS

The seller has indicated that their group is prepared to complete the following before closing:

Replace the sewer mains at both Dartmouth duplexes
Install missing water heaters and ovens
Lease the currently vacant units

The seller has indicated that these items and the lease-up could potentially be completed within approximately one week. Completion, occupancy, and rental income must be verified before closing and documented in the definitive purchase agreement.

Creative Sub-To Trust Structure — Existing financing remains in place, subject to lender rights and transaction terms.

PROPERTY PICTURES COMING SOON!

Important: Existing loan maturity reportedly falls around 2029. An extension to 2032 or later is being pursued but is not yet approved. Buyer to verify all figures, loan documents, and terms.

Call or Text Mike: 914-415-6166 RoqueInvestorClub.com