facebook
Traded Co logo
Submit

The Multifamily Group Acquires 350-Unit Multifamily Property In Lubbock

Property Image
SOLD

Texas

See Similar Deals
MultiFamily4,000 SF
Sold 10/28/2021
the dealplayerscompscontact
Property Image
SOLD

The Multifamily Group Acquires 350-Unit Multifamily Property In Lubbock

2706 Genoa Ave, Lubbock, TX, USA

See Similar Deals
MultiFamily4,000 SF
Sold 10/28/2021
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:4,000 SF
Transaction Type:Sale

The Multifamily Group (TMG) brokers Jon Krebbs and Paul Yazbeck facilitated and closed a multifamily property transaction in Lubbock. The property, consisting of three separate parcels, is located at 2706 Genoa Ave, 2722 Frankford Ave, and 507-518 N Essex Ave. It comprises a total of 350 units, making it a significant multifamily asset in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Date: 10/28/2021
  • Address: 2706 Genoa Ave, 2722 Frankford Ave, & 507-518 N Essex Ave
  • Market: Lubbock
  • Number of Units: 350

Jon Krebbs and Paul Yazbeck from The Multifamily Group (TMG) worked as the brokers representing the parties involved in this transaction. Their expertise and negotiation skills played a crucial role in successfully closing the deal. The transaction demonstrates TMG's strong presence and reputation in the Lubbock market.

Players

Paul Yazbeck
16 deals
BROKER

Jon Krebbs
The Multifamily Group
18 deals
BROKER

Details

SOLD
IMAGE: Jon Krebbs & Paul Yazbeck DATE: 10/28/2021 ADDRESS: 2706 Genoa Ave, 2722 Frankford Ave, & 507-518 N Essex Ave MARKET: Lubbock ASSET TYPE: Multifamily ~ UNITS: 350 BROKERS: Jon Krebbs & Paul Yazbeck - The Multifamily Group (TMG)

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00