Brownfield 32-Unit Complex — Lubbock, TX
Lubbock, TX 79414, United States
Multi-Family
High Risk
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Brownfield 32-Unit Complex — Lubbock, TX
A newly built 32-unit multifamily complex (8 quadplexes) near Texas Tech University in Lubbock, TX — currently 93% occupied and generating $13,592/mo in rental income. This is a high-yielding multi-family play with an 11.45% projected annual return, managed by Whalec Property Management. Important: the property is currently undergoing loan restructuring — please read the investor note before investing.
11.45%
Annual Return
10.55%
Rental Yield
$13,592/mo
Rental Income
32
Units
93%
Occupancy
$3,486,000
Property Value
Property Overview
Built in 2024, this complex consists of 8 quadplexes on Brownfield Drive in west Lubbock, a market anchored by Texas Tech University's 40,000+ student and faculty population. Each of the 32 units is a 2-bedroom/1-bath layout averaging 920 sqft with attached garages — a differentiator in the local rental market. Managed by Whalec Property Management at a 25% gross rent fee.
Specifications
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