Subject-To
Sub-To Deal · Single Family, Lubbock, TX · Motivated Seller
5825 16th St, Lubbock, TX · Listed Jan 2025
The seller hasn’t added photos yet
Property typeApartment
Units97
Living area38,397 sqft
Lot1.2 acres
Year built1947
About this deal
Take over the seller's existing mortgage on this single-family home in Lubbock, TX. 3 beds, 2.0 baths, 1,936 sq ft, built 1936. No new loan required — ideal for investors experienced with subject-to acquisitions.
The numbers
- Cap rate
- 9.2%
- Net operating income
- $28,284/yr
- Cash flow
- +$2,357/mo
- Occupancy
- 61 of 97 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.