18 Property Portfolio, Lubbock, TX 79415
$1,200,000
Property Type:
Residential Income
Bedrooms:
48
Baths:
22
Square Footage:
19,211
Lot Size (sq. ft.):
18,000
Status:
Active
Current Price:
$1,200,000
List Date:
10/20/2025
Last Modified:
10/20/2025
Description
This Lubbock 18-Home SFR Portfolio blends in-place cash flow with clear value-add upside across well-located single-family rentals. Many homes perform at or above the 1% rule, with several units benefiting from state-funded, guaranteed rents. Priced between ~74-83% of market value, the portfolio features broad recent improvements—new roofs (2021-2023), electrical overhauls, plumbing/drain replacements, mini-split installs, and targeted cosmetic updates—reducing near-term capital needs. With under-market rents on select addresses and dependable tenancy across the board, investors can capture solid returns today and unlock additional NOI through rent normalization and light, targeted upgrades.
Supplements: ********
More Information MLS# 202562059
Contract Information
Current Price: $1,200,000
Original List Price: 1200000
List Price: $1,200,000
Status: Active
Listing Contract Date: 2025-10-16
Property Sub Type: Package Property
Total Number of Properties: 18
Listing Agreement: Exclusive Right To Sell
Owner Name: ARBEL Properties LLC
List Price/SqFt: 62.46
Location Tax and Legal
Street Number: 18 Property
Street Name: Portfolio
County: Lubbock
State: TX
Postal Code: 79415
Zone: 1
General Property Information
Bedrooms Total: 48
Bathrooms Full: 22
Total Bathrooms: 22
Above Grade Finished Area: 19211
Above Grade Finished Area Source: Public Records
Living Area: 19211
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1950
Lot Size Acres: 0.4132
Lot Size Square Feet: 18000
Lot Size Source: Other
Remarks and Miscellaneous
Public Remarks: This Lubbock 18-Home SFR Portfolio blends in-place cash flow with clear value-add upside across well-located single-family rentals. Many homes perform at or above the 1% rule, with several units benefiting from state-funded, guaranteed rents. Priced between ~74-83% of market value, the portfolio features broad recent improvements—new roofs (2021-2023), electrical overhauls, plumbing/drain replacements, mini-split installs, and targeted cosmetic updates—reducing near-term capital needs. With under-market rents on select addresses and dependable tenancy across the board, investors can capture solid returns today and unlock additional NOI through rent normalization and light, targeted upgrades.
Status Change Information
Major Change Timestamp: 2025-10-20T21:48:24Z
Major Change Type: New Listing
Status Change Timestamp: 2025-10-20
Income and Expenses
Cap Rate: 6.33
Gross Income: 178860
Net Operating Income: 75973
Unit Details
Number Of Units Leased: 1
Title Company Information
Title Company: American Land Title
Title Company Address: 4601 66th St. Ste B Lubbock, TX 79414
Title Company Fax: None Available
Title Company Phone: (806) 344-8470
Package Property 1
Individual Property Price: 66666
Property Features
Construction Materials: Unknown
Cooling: Multi Units
Heating: Varies by Unit
Listing Terms: Cash; Conventional; Private Financing Available
Parking Features: Driveway
Property Condition: Fixer
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Showing Considerations: Occupied
Documents
List of Addresses ›Listing Office: Keller Williams Realty
Listing Agent: Felicia Estrada
Last Updated: October - 20 - 2025
Information deemed reliable but not guaranteed.