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2026 Kenwood Avenue, Lubbock, TX 79407

$6,500,000
: 4
BD
: 2
BA
: 2,050
SqFt

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List Price: $6,500,000
MLS#: 202614746
Status: ACTIVE
Year Built: 2022
Type: Multifamily
Bedrooms: 4
Bathrooms: 2
Living Area: 2,050
Lot Size: 5,875
County: Lubbock
City: Lubbock
Legal Description: 19th & Mackey L 168

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Property Description

Don't miss this INCREDIBLE investment opportunity. This 25-home single-family rental portfolio in Lubbock's Willowbend Villas community is 100% occupied and ready for a new owner. A few quick highlights: - 25 single-family homes, 100% leased - Majority new construction (2022-2023), concentrated along Kenwood & Kirksey Avenue - $600,108 in current annual rent / $606,744 at market - Approx. 5% all-in NOI cap rate (taxes and insurance included), 9.34% gross yield - Existing professional property management in place, no HOA, tenant-paid utilities Call the listing agent for the full buyer information packet with the unit-level rent roll, lease schedule, and return metrics.

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Additional Information

Taxes: $5,492
Heating: Central
Cooling: Central Air
Fireplaces: 1
Foundation: Slab
Garage Spaces: 2
Parking Spaces: 2
School District: Frenship ISD
Elementary School: Willow Bend
Middle School: Terra Vista
High School: Frenship