7602 60th Street, Lubbock, TX 79407

Property Description

Investor Opportunity - 13 Newer Income-Producing Homes in Lubbock, TX Presenting a rare chance to acquire 13 newer homes (all built in 2022) in one of Lubbock's most desirable areas. All properties are fully occupied, generating strong and stable income, with most tenants being long term and turnover historically re-leased in under 30 days. This makes for a secure, turnkey portfolio investment with proven cash flow. Located within the highly ranked Frenship ISD, these homes sit on two adjoining cul-de-sac streets, creating unmatched efficiency for property management. The portfolio includes five unique floor plans, a mix of 3- and 4-bedroom homes with 2-3 bathrooms, tall ceilings, open layouts, and modern finishes including granite countertops, stainless steel appliances (refrigerators included), and durable vinyl plank flooring. Every home features gas cooking, sprinkler systems in both yards, and two-car garages. Additional highlights include a 10-year structural warranty valid through August 2032, minimal maintenance due to new construction, and proximity to top-rated schools, major employers, and Texas Tech University. Financial performance is strong, with a 6% cap rate, 100% occupancy, and tenants responsible for utilities and yard care. Property management can continue under at a discounted rate, making this a seamless investment transition. This package offers flexibility: purchase all 15 homes together, split into smaller groups, or even buy individual properties. Financing is available through a local lender with competitive terms, further enhancing the appeal of this high-demand rental opportunity.