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$870,000

6306 Package Property Place 6308, Lubbock, TX, 79407

Off MarketInfo
CommercialInfo
Beds15 Beds
Baths12 Bath
Baths11,062 Sq Ft
Multi FamilyMulti Family
price_per_sqft$78.65 / sqft
Year BuiltBuilt in 2003

Highlights

Interior

Bedrooms 15Bedrooms 15
Bathrooms 12Bathrooms 12
AppliancesDishwasher, Disposal
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard

About this property

Excellent investment package featuring 3 duplexes strategically located in two of Lubbock's most desirable school districts. This package combines quality construction, excellent location, and significant growth potential, making it an outstanding opportunity for investors looking to expand their portfolio in one of Texas's most vibrant communities. 1 Duplex is nestled in a quiet cul-de-sac within the Lubbock Cooper ISD, renowned for its family-friendly appeal. 2 Duplexes situated in the highly sought-after Frenship ISD, offering great rental demand. Each duplex features a 3-bed, 2-bath, 2-car garage on one side and a 2-bed, 2-bath, 2-car garage on the other, ideal for a diverse tenant mix. All properties are equipped with Class 4 impact-resistant roofs, reducing insurance costs while ensuring durability. Constructed by the current owner, these homes reflect exceptional quality and have been well maintained. Strong potential for rent increases to maximize returns.

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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,220 /month
Positive
Cash Flow Estimate:
$1,740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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6306 Package Property Place 6308 | Property Details | No Agent List