14401 Avenue P - Mobile home Park

14401 Avenue P Lubbock, TX 79423

Lubbock
FOR SALE
Property Type:
Mobile home
Amount:
$449,900
Last Verified:
Jun 21, 2024

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Highlights

  • Less than one mile from Loop 88 & less than half a mile from Highway 87
  • Remodeled Units with room for rental increases
  • Located across from new residential development in a high growth area

Description

Introducing an exceptional investment opportunity in South Lubbock. This mobile home park, located less than a mile from the new Loop 88, offers 6 rental units on 1.83 acres of land. Recent remodels on 4 units enhance the property's appeal. Positioned across from a new residential development and in the sought-after Lubbock Cooper School District, this property is a prime income investment. With leases set for income growth through renewals, this is an ideal opportunity for investors seeking a lucrative investment opportunity in the thriving South Lubbock area.

Located at 144th Street & Avenue P


Year Built: 0
Building Size: 6928sq ft
Lot Size: 1.83 acres


Documents

14401 Ave P Offering Memorandum

Map of 14401 Avenue P, Lubbock, TX, 79423

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.